NEAP and NEBF
Updated 07/10/08 9:17AM

Information about the National Electrical Annuity Plan and the National Electrical Benefit Fund.

The National Electrical Annuity Plan is a defined contribution retirement saving vehicle with a negotiated contribution being made monthly by signatory contractors. This fund establishes individual accounts for participants and investments are made based on the age of participants with less risk exposure as the participant ages. Upon retirement participants may elect to annuitize the amount accrued and receive lifetime payments similar to a defined benefit, or they may elect to have the account paid as a lump sum. In the event of the death of the participant a surviving spouse or beneficiary may be eligible for a lump sum or an annuitized payment.

The National Electrical Benefit Fund is a defined benefit pension plan payable upon retirement from the electrical industry. The current benefit rate is $32 per month per credit year. This defined benefit plan offers several options upon retirement including a joint survivor for continuation of benefit payments to your spouse in the event of your death.

For more information about the NEAP and NEBF please click on the links to the right.

*Please note that this information is not a promise of benefits but a brief description of benefits offered, information may be inaccurate and any actual benefits will be determined entirely by the funds in question.

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