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The IBEW PBF has been consistently improving since its inception. Today’s benefits differ from those available to members retiring in prior periods. Because of this, your attention is specifically directed to Article XI of the IBEW Constitution, which contains the provisions relating to the IBEW PBF. Normal Retirement
The Employee Retirement Income Security Act of 1974 (ERISA) provides that all pension plans should make available to their participants and beneficiaries a Summary Plan Description written in language calculated to be understood by the average participant or beneficiary.
You can receive the money in your Account at any of the following times, provided you are vested in the Plan: At Normal Retirement: If you have attained your Normal Retirement Date, age 65 or if later, the fifth anniversary of participation in the Plan, you are vested under the Plan and are eligible for retiring from the electrical industry.
The IBEW Pension and Reciprocity Department reports and provides assistance to the International Officers on departmental areas of responsibility: pension and death claim payments, construction industry reciprocity and membership records.
You must submit an Application for Retiree Plan within a timely manner and meet specific eligibility requirements in order to qualify for health benefits under the Supplemental Retirement Benefit Plan.
The Pension Plan is designed to help you better prepare for your future financial security once you stop working. Employer contributions and earnings on investments (if any) fund the Plan. You are not required or permitted to contribute to the Plan.
9 paź 2024 · Contact Local 1205's to request an application including the summary of pension benefits and vested dates. Pension applications are also available online through ibew.org. Applications can be completed directly through this website, printed, and mailed to the Local office.