IBEW-NECA Benefits Administration Association
On April 1st
of 1991, the NECA-IBEW Welfare Trust Fund became self-administered.
For many years previous to that, various other administrative companies
administered the Fund.
As a result
of being self-administered it was necessary to form a corporation
for the Plan. In the beginning a "Board of Directors" was
elected which consisted of three labor Trustees and three management
Trustees. The original election called for one each to serve a
three-year term, one each to serve a two-year term, and one each
to serve a one-year term.
The duties of
the Board of Directors include the hiring of the Administrator
and approval of the yearly budget and expenses. In addition, the
Board of Directors oversees the daily operations of the Fund Office.
The Board of
Directors and the Board of Trustees are dedicated to the participants
and to making the Fund friendlier to participants.