Ibew-Neca Local #176 JATC

AT THIS TIME THE MAIN ENTRANCE DOOR IS LOCKED-
PLEASE CALL WHEN YOU ARRIVE AND WE WILL BUZZ YOU IN
PLEASE CONTINUE TO WEAR A MASK AND MAINTAIN SOCIAL DISTANCING

Who We Are

Notice to all members:

The following information is for your file. This will help you to summarize the different benefits available. Please check your agreement for the benefits that apply to you.
NECA-IBEW PENSION TRUST FUND (Decatur Plan) 5 year vesting. Early Retirement with reduction- age 55-59. Full benefits – age 60 Current contribution (paid by contractor) – Death benefit – Pre retirement -depends vesting status. Post retirement – depends on retirement election and/or time receiving pension.

IBEW PENSION – (International Pension) 20 year vesting – paid through dues – current retirement rate – $4.50 per month for each full year of continuous good standing as an “A” member (after 1997) $3.50 per month prior to 1997. Early retirement with reduction – age 62-64. Full benefits- age 65.

NEBF PENSION – (National Electrical Benefit Fund) – 5 year vesting – paid by contractor (3% of gross earnings) – current retirement rate $32.00 per month per year of credited service – Early Retirement with reduction – age 60 & 61. Full benefits – age 62.

ALL ABOVE IS GENERAL INFORMATION – INDIVIDUALS MAY HAVE VARIANCES

• UNION LABOR LIFE INSURANCE – $8500.00 life insurance – paid through dues $76.56 yearly (effective 1/1/07)
• IBEW PENSION BENEFIT FUND – (Death Benefit) $6250.00 normal death – this benefit changes to no less than $3000.00 if you have retired. $12500.00 accidental death

For questions please contact: Margaret at  (815) 729-1240 for further information.

• NECA-IBEW LOCAL 176 PENSION PLAN – Local Pension – immediate vesting – Current contribution rate (paid by contractors) Eligible at age 55 without penalties
• NECA-IBEW LOCAL 176 HEALTH & WELFARE FUND – (Medical, dental, vision and MAP) Current contribution rate (paid by contractors)
• SUPPLEMENTAL UNEMPLOYMENT BENEFITS FUND – (SUB Fund) – Based on credits earned – Current contribution rate (paid by contractors)
• AMALGAMATED LIFE- Life Insurance $25,000.00 (2/1/15)
• AMALGAMATED LIFE – Accidental Death & Dismemberment Ins. $25,000.00 (2/1/15)
• NUMARK CREDIT UNION – Savings Trust Fund – Current contribution rate (deducted from wages)

For questions please contact: Nichole, (815) 729-2666 for further information.
Please remember to change beneficiaries with each office listed, this cannot be done automatically, it must be requested by you!