National Electrical Benefit Fund

  • Year Started – 1946
  • 300 Hours (Good Year)
  • Plan Year – Calendar Year
  • Contribution
    • 1946-1976 – 1% of Gross Earnings
    • 1976-Present – 3% of Gross Earnings
  • Age
    • Normal – 65
    • Early – 62 – unreduced – must qualify with 300 hours in one of the last 7 plan years
    • Early – 60 – reduced – must qualify with 300 hours in one of the last 7 plan years and is reduced
    • 9 ¼% every year back from 62
  • Benefit – $32 per credited year (regardless of your contribution)