Pension Trust Fund

The Summary Plan Description

The NECA-IBEW Pension Trust Fund 2018 Summary Plan Description (SPD) contains complete features of the Pension Plan. Further details related to Plan Operations are contained in the Plan Document, Trust Agreement, Amendments, Summary Material Modifications, and Annual Funding Notices.

The SPD is restated every five years. This 2018 SPD supersedes any previous SPD. If the Plan is amended or modified, you will receive written notice of such changes in the form of a newsletter or Summary Material Modifications (SMM). The Fund’s regular newsletters act as SMMs. These Plan change notices can be found in the Documents & Forms library and should be kept with your SPD.

Summary Plan Description

This booklet is called a Summary Plan Description (SPD) and is intended to provide a brief description of the Pension Trust Fund. Complete details of the Pension Trust Fund are contained in the Pension Trust Fund Plan Document.

View Summary Plan Description

Plan Document

This document contains information about the establishment of the NECA-IBEW Pension Trust Fund, as well as its governing rules and procedures.

View Plan Document

Pension Application

This form is used to apply for pension benefits with the NECA-IBEW Pension Trust Fund.

Submit an Application

  

Pension Plan Benefits

The benefits of the Plan are financed by contributions that Employers pay into the Pension Trust Fund. The contributions can be based on a rate per hour for all hours worked or on a percentage of gross wages. Employers pay the entire cost of the plan; the plan does not allow participants to make voluntary contributions.

There are currently almost 3,000 pensioners that receive monthly checks. These monthly checks range from just a few dollars to more than $5000.00.

The Plan is a multiemployer defined benefit plan. The Plan provides you with a benefit at retirement determined by the Plan formula. Every year a certified actuary performs a validation of our Plan to verify that the contributions received are sufficient to meet the minimum funding standards established by law. Your trustees have the responsibility and discretion to invest all Plan assets.

Submit an Application

For your convenience, an Interactive Benefit Application form can be completed online. This form can then be printed and returned to NECA-IBEW by mail or dropped off in person. Please do not email the Benefit Application as it contains private information and email may not be HIPAA-compliant.

Pension applications are also available in the Documents & Forms Library, or you can click the links below:

Complete Pension Benefit Application - Single

Complete Pension Benefit Application - Married

 

Pension Trust Documents & Forms

Pension Trust Fund Documents

  • Pension: PD-2018 Edition
    The information in this Plan Document explains the Fund’s rules and procedures and describes the benefits and coverage offered by the Pension Trust Fund.
  • Pension: SPD-2018 Edition
    This booklet is called a Summary Plan Description (SPD) and is intended to provide a brief description of the Pension Trust Fund. Complete details of the Pension Trust Fund are contained in the Pension Trust Fund Plan Document.
  • Pension: Annual Funding Notice 2013
    This informational notice includes important funding information about the pension plan.
  • Pension: Annual Funding Notice 2014
    This informational notice includes important funding information about the pension plan.
  • Pension: Annual Funding Notice 2015
    This informational notice includes important funding information about the pension plan.
  • Pension: Annual Funding Notice 2016
    This informational notice includes important funding information about the pension plan.
  • Pension: Annual Funding Notice 2018
    This informational notice includes important funding information about the pension plan.
  • Pension: Annual Funding Notice 2019
    This informational notice includes important funding information about the pension plan.
  • Pension: Annual Funding Notice 2020
    This informational notice includes important funding information about the pension plan.
  • Pension: Annual Funding Notice 2021
    This informational notice includes important funding information about the pension plan.
  • Pension: Annual Funding Notice 2022
    This informational notice includes important funding information about the pension plan.
  • Pension: Annual Funding Notice 2023
    This informational notice includes important funding information about the pension plan.
  • Pension: PD Amendment 1
    This amendment to the Plan Document deals with waiver of suspension of benefits rules for 2020.
  • Pension: PD Amendment 2
    This amendment to the Plan Document deals with distribution of benefits and surviving spouse distributions.
  • Pension: PD Amendment 3
    This amendment to the Plan Document deals with the total and permanent disability benefit.
  • Pension: PD Amendment 4
    This amendment to the Plan Document deals with suspension of benefits and exempted employment.
  • Pension: PD Amendment 5
    This amendment to the Plan Document deals with the normal retirement benefit contribution rates.
  • Pension: PD Amendment 6
    This amendment to the Plan Document deals with the waiver of suspension of benefits rules for 2021.
  • Pension: PD Amendment 7
    This amendment to the Plan Document deals with the waiver of suspension of benefits rules for 2022.
  • Pension: PD Amendment 8
    This amendment to the Plan Document deals with the restoration of non-credited contributions.
  • Pension: PD Amendment 9
    This amendment to the Plan Document deals with the waiver of suspension of benefits rules for 2023.
  • Pension: SMM-2018
    This Summary of Material Modifications (SMM) notifies participants of material changes regarding benefit multiplier and credited contributions.
  • Pension: SMM-2020
    This Summary of Material Modifications (SMM) notifies participants of material changes regarding temporary waiver of suspension of benefit rules, suspension of benefits, and change to age required for minimum distributions.
  • Pension: SMM-2021 November
    This Summary of Material Modifications (SMM) notifies participants of material changes regarding temporary waiver of suspension of benefit rules.
  • Pension: SMM-2021 September
    This Summary of Material Modifications (SMM) notifies participants of material changes regarding non-credited contributions, disability benefit, and exempted employment, and plan trustees.
  • Pension: SMM-2022
    This Summary of Material Modifications (SMM) notifies participants of material changes regarding restoration of non-credited contributions, disability benefit, QDRO, death benefits, and recalculation of benefits upon re-retirement.
  • Pension: SMM-2023
    This Summary of Material Modifications (SMM) notifies participants of material changes regarding non-credited contributions, suspension of benefits, and temporary waiver of suspension of benefit rules.
  • Pension: Trust Agreement
    The Agreement and Declaration of Trust between the Union and the Employer Trustees to create the Pension Trust Fund.
  • Pension: W-4P Tax Form
    IRS Tax Form W4-P

Pension Trust Fund Forms

  

Pension Trust FAQs

  

Please notify the Fund Office as soon as possible if you experience any life events, such as moving to a new address, marriage, the birth/adoption of a child, divorce, or retirement.