The news is full of stories about baby boomers and millennials who are not able to save for their retirement. Union members have diversified retirement programs that are protected by law.

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National Electrical Benefit Fund

NEBF is equal to $32 per month multiplied by years of service. After just 20 years you will get*

$640 per month

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IBEW Pension Benefit Fund

The second defined benefit is funded through the monthly dues payments. When you retire you receive

$4.50 per month multiplied by years of service.

After just 20 years*

$90 per month

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Employer Paid Annuity

This fund is protected by law and it equals 15% of gross wages per hour for Journeyman. After just 20 years you individual retirement account could have over $160,000 in it.

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It is important to note that many factors determine the amount of money available to a member at retirement. The above examples are meant to illustrate a typical career for a Journeyman wireman. Many members earn quite a bit more depending on the time and place they practice their craft.

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