However, the dues payments of "BA" members do not include the portion attributable to the IBEW Pension Benefit Fund. The Pension Director also serves as the Reciprocal Administrator (RA) for the Electrical Industry Pension Reciprocal Agreement and the Electrical Industry Health and Welfare Reciprocal Agreement. When I become eligible for Medicare, do I have to purchase Medicare Part B? As always, please feel free to contact the Trust Fund Office at (702) 415-2188 if you have any additional questions or concerns. "A" members (for example) who reach age 65 and successfully apply for pension after 20 years of participation in the fund will receive a monthly benefit in the amount of $90 for the remainder of their life. For The IBEW Pension Benefit Fund. 0000001144 00000 n
Yes, there are some instances in which you would qualify for a benefit even though you are not vested. If I am called up for military service, do I retain my pension rights? 08/01/08 Member's Signature This is in addition to your base pay. Phone (202) 728-6206 Fax (202) 728-6138 Email pension@ibew.org. The HIPAA Customer Service Consent Form allows designated family members and/or designated representatives to talk with and receive information from the fund office about you and other family members regarding their medical benefits, eligibility etc.. Natural parents of dependents under age 18 will be granted access to their medical information. There are several other requirements that have to be met to qualify for the Retiree Plan; please contact the Fund Office for a complete listing. Please call our toll-free number 1-800-547-7754 if you have questions about the choices. You can get benefits when you stop working. H9(K;6inE&-ny{ZZvZvQD\M%?1sN#)_\*e. .mc``#t >(f` w~'"V45+ d`rRt})LaQ
These two plans functioned separately for many years and to improve benefits a decision was approved to combine the plans. Benefits Office. As of January, 2017, the new $25,000 AD&D policy offers 24-hour coverage for all active members. If I lose eligibility will I be notified once I become eligible again? Email: Pension@IBEW.org Fax: (202)728-6138 Effective November 2018, PBF will begin accepting clear, legible copies of . Plan trustees have reported that after three-and-a-half years, "A" members receiving a pension benefit from the IBEW Pension Benefit Fund have already surpassed their total contributions to the fund during their years as active "A" members. The pension plan now pays out $85.00 per year of service for "A" rated members, a far cry from the original implementation. You will be notified by the Fund when it is time to enroll in SilverScript (Approximately 2-3 months prior to turning 65). Contact Us | The plan today has a Disability, Early, Vested and a Standard pension payout. NJ Providers and Subscribers submit all medical claims to: www.ibew.org/members/pensionbenefitfund/ArtXI_041207.pdf. whether death benefit payments from the plan may be rolled over into another retirement plan; and if a rollover is possible, the method and time period in which the rollover must be made. hbbd```b``"dd `0fXD, X$ fk
q 8
:
As of February 1, 2015, the medical deductible for an individual is $600 and $1800 per family each calendar year. That fraternal death benefit association (The Electrical Workers Benefit Association) was later merged in January 1992 with the IBEW Pension Benefit Fund following convention action. endstream
endobj
startxref
Revised May 2012 . How long does it take for my benefits to begin once I retire? |
0
3 2019. If you retire on or between ages 60 thru 65 there is no reduction in your benefit. Can I use my HRA to pay for my Retiree Premiums?You cannot transfer money directly from the HRA Fund to pay your Retiree Premiums. hb```,M cb The International Executive Council (I.E.C.) IBEW Local 602. May I name someone other than my spouse as my beneficiary? 256 0 obj
<>/Filter/FlateDecode/ID[<82A2CBF87AE99C4CAA4512BAE31BD088>]/Index[243 22]/Info 242 0 R/Length 72/Prev 60330/Root 244 0 R/Size 265/Type/XRef/W[1 2 1]>>stream
1. BENEFITS TO MEMBERSHIP. ]hVLK0pz:)FYQ,/xKP[XCf:O!|LZz6|a(:>&>BSU3JC$N8N* (mBJD})U*RyIX@d: d:v W ^gOwk:-1$f%%~,_K When contacting your local union, request and complete a Form 124 (Beneficiary Designation Form) designating your beneficiary for death benefits. 647 0 obj<>stream
Box 30751, Salt Lake City, UT 84130. 85 0 obj
<>/Filter/FlateDecode/ID[<1521582D4AF3C147A9EC9F0B6DE25442>]/Index[72 22]/Info 71 0 R/Length 79/Prev 271671/Root 73 0 R/Size 94/Type/XRef/W[1 3 1]>>stream
Also, the Board of Trustees is proud to announce that the Fund will be providing dental and vision benefits to retirees and their dependents with Base Plan coverage. How often do I need to have a physicians statement completed by my doctor? The Electronic Reciprocal Transfer System (ERTS) - "Enabling the transfer of members' pension and health & welfare contributionsback to their home funds, no matter where they may be working. Upon the death of an "A" member a death benefit shall be payable as follows: (a) Benefit Level. Yes, if you are Medicare eligible AND are age 65 or older. hbbd``b`$[A2`q V'UbeX V$10124Y~ Why is my Benny Card suspended? No Cost. HtTn0+xIl7t@@-2$!%R{OOgK_sg`r-73iC0?jGBP
a9&kDg(% What if I die before I start receiving a benefit? Others set the premiums so high that the typical electrical worker could not afford to maintain life insurance for his or her surviving family. in addition to plans managed through the Joint Industry Board and the IBEW Pension Benefit Fund. 1. %%EOF
No, it is your responsibility to keep track of your eligibility. What if I die before I start receiving a benefit? The most recent changes to the PBF death benefits were approved at the 2001 Convention and became effective January 1, 2002, thereby increasing the death benefit payment to $6,250 and providing for an accidental death benefit of $12,500. Deferred Savings Plan Summary plan. Who should I contact for information about my pension benefits?
]jDi{ue*5/)vjwrF9=tKj7 "4#RJ&]s?S hbbd```b``6A$
Does my spouse have to take his/her own insurance if it is offered by his/her employer regardless of the cost? 635 0 obj <>
endobj
Of course, informing the union's administration office about your loved one's death might not be necessary if the deceased was still working at the time of death. 5-Ag T(Y+~,zk1UM)Psv}t7anJAIcwm0=lczoAcW(_UtyrQOv5hvdIn'VOw.}~"nmuL MEMBERS OWING DEATH BENEFITS (All listed below are beyond the 30 days) As per the Bylaws-Article XIII-Section 6, a $5.00 assessment for each death is due to the Local Union within 30 days of this notice. HWrF}WS S1%Kt. hO0SBBiD^k-unJTgQD(QLEBX)2Hp9a"bJXS]Z\JV0-F(lQpVpl/ 609 0 obj
<>/Filter/FlateDecode/ID[<8476611E8744ED4D9D1542E6F7060697><27FDE05B9CB9954AA0E992956F7EA0D0>]/Index[596 20]/Info 595 0 R/Length 71/Prev 103318/Root 597 0 R/Size 616/Type/XRef/W[1 2 1]>>stream
Amendment 14 to the SPD of the Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund. The only method of payment accepted for the Retiree Plan is direct withdrawal (ACH) from your bank account. If I am on the Retiree Plan and return to work, what will happen? Yes, you need to enroll in BOTH Medicare Part A and Part B. Transamerica requires you to have both Part A and Part B. Do you take COBRA payments over the phone? However, this amount never falls below $3,000. Yes, however the deductible from both plans would be met simultaneously. Learn more about benefits from IBEW member, Richard Prasad. If no beneficiary is named, benefits will be paid to the surviving spouse; if no surviving spouse, then to the decedent's estate. Documents and Forms downloads for NECA-IBEW of Illinois Welfare Trust Fund and Pension Trust Fund Administration. Yes, Weekly Income Benefits are considered income. startxref
The Retiree Plan is NOT automatic, so you will need to submit an application to our office.
PENSION PLAN . Critical Status Notices. What is the medical deductible per year for an individual and for the family? How do I order new Prescription Cards? Pension Plan #3: Personal Benefit Fund (PBF) Part of your monthly dues pay for a $6,250 natural / $12,500 accidental death benefit that at retirement becomes a defined pension benefit paying $4.50 per month per consecutive years of service. Only 'A' Members participate in the IBEW Pension Benefit Fund. . If you are disabled with a Social Security Award, there is no minimum age requirement.If you are NOT disabled, you must be at least 55 years of age AND have an award of retirement from Social Security, NEBF or any other pension fund in which Union Trustees are selected by one or more Local Unions affiliated with the IBEW. Do I need to complete an accident form even though my claim wasnt due to an accident? 3333 Denali Street, Ste 200, Anchorage, AK, 99503, United States . What is the difference in the Joint & Survivor options and the 5 or 10 year certain options? . For replacement cards with the same number, visit the HRA Participant Portal. Do you take COBRA payments over the phone? Base Plan COBRA is for Base Plan members, and ALT Plan COBRA is for ALT Plan members. How do I know if my provider is a PPO with BlueCross/BlueShield? If I am called up for military service, do I retain my pension rights? IBEW Local 1547. endstream
endobj
startxref
713-643-9300. "A" members who meet the qualifications of an applicant for pension may also receive a monthly benefit from the IBEW Pension Benefit Fund. May I name someone other than my spouse as my beneficiary? Effective January 1, 2013, monthly dues will be $30, with $15 attributable to the IBEW Pension Benefit Fund. Inform the union's administrative office about your loved one's death. The Electrical Workers Local 357 Pension Plan A and Plan B is managed by a Board of Trustees comprised of both union and employer representatives. mCgsE&X-5\[sCl$|aQIrnZx'mq2'Tq_UK RETIREMENT I will be retiring soon, what do I need to do? The Joint & Survivor options give you a reduced lifetime benefit which will continue for your spouse in the event of your death. 3. There are some individuals who may not be able to take early retirement until age 57. Your spouse is only required to take medical coverage on himself/herself (not required to take dependent coverage) but should he/she take vision and/or dental coverage these benefits will be coordinated with NECA-IBEW Welfare Trust Fund. The main pension rule governing defined benefit pensions in death is whether you were retired before you died. 615 0 obj
<>stream
Does my spouse have to meet two deductibles? The best way is to ask the provider if they are in the BlueCross/BlueShield network, or go to provider finder on the BlueCross/BlueShield website and do a provider search. Yes. No changes in the Rehabilitation Plan to the current benefit. Tax statements will be mailed out at the beginning of each year showing the total amount of benefits you received the previous year. 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 have two options: Report Lost/Stolen - you will get 2 Benny Cards with a new number Order Replacement - you will get 2 Benny Cards with the same number as your current Benny Card Please note:-Your address will be displayed for verification. Active "A" members, as well as those who are receiving a benefit from the IBEW Pension Benefit Fund, continue to receive this newspaper, The Electrical Worker. In response to this dilemma, members of the IBEW established a fraternal death benefit association in 1922 whose essential purpose was to provide the named beneficiary of a deceased member a sum that might permit our member to be interred in a dignified manner. The only difference being that if you use a Guardian provider for dental, there may be discounts & that would stretch your benefit dollars. PxkgC~4
xol0x@^}Y?/KY7pDn;YsCW'#TaViy^|e]Oul=)U8{kqs=]^nJ^ooSNk$a:?ho&5@Fp9&[
bJx>k.