HTKo0W(G[3,^*H3Cm~$qG~&! is a defined benefit retirement plan that currently provides a monthly benefit to over 2,500 retired participants. If I am called up for military service, do I retain my pension rights? xb```b````f` ,`&Se.P'U&qULg3|eLeIi)S8,#VZbb`Fsl0Es LI Ap} rj If I am on the Retiree Plan, how does it work when I am Medicare eligible and over age 65 but my spouse is not Medicare eligible?Your benefits will be paid according to the schedule of benefits for Retired Employees Over Age 65 and Eligible for Medicare, and your spouses benefits will be paid according to the schedule of benefits for Retired Employees Under Age 65 until she or he becomes Medicare eligible. endstream endobj 603 0 obj <>stream Who should I contact for information about my pension benefits?How do I apply for pension benefits? No, it is your responsibility to keep track of your eligibility. How do I know if my provider is a PPO with BlueCross/BlueShield? If you retire on or between ages 60 thru 65 there is no reduction in your benefit. At the 1991 Convention, the EWBA and PBF were amalgamated into one fund, and as a result, death and pension benefits were significantly improved. hbbd```b``6A$ 08/01/08 Member's Signature The only difference being that if you use a Guardian provider for dental, there may be discounts & that would stretch your benefit dollars. PENSION PLAN . Yes. February 20, 2023. When I become eligible for Medicare, do I have to purchase Medicare Part B? endstream endobj 602 0 obj <>stream Why do I need to complete a Beneficiary Data Card? for the IBEW Pension Benefit Fund . How do I know if my provider is a PPO with BlueCross/BlueShield? In this position, the RA is responsible for administering these agreements, maintaining current data on all participating funds, and addresses all inquiries related to these agreements. IBEW Local 3 /WFJEATC/Westchester; More Plans/Programs. Yes, your prescription coverage through the Fund will continue with the SilverScript Prescription Drug Plan (PDP). This letter is used to determine if you are still disabled and to show when you have recovered. How do I order new Prescription Cards?Contact CVS/Caremark directly, there is no need to call the Fund office. WHEREAS, the IBEW Constitution provides under Article XI, Section 6(h): . What is normal retirement age? 0000003254 00000 n If I take another job after I retire, will I lose my pension? Why do I need to complete a Beneficiary Data Card? %PDF-1.5 % The Alternate Plan does not provide dental and vision coverage. 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. | GkTG C PRESCRIPTION Is there a deductible on our Prescription Drug Plan with CVS/Caremark? Why are my options to fill my maintenance drug prescriptions?The plan still only allows one (1) fill and two (2) refills at the retail pharmacy, however, you can now get a 90-day supply of your maintenance drug(s) at any CVS pharmacy nationwide. HTn0+hIvP'@8fd8 P^g6lkGs/\;],+ki*P %![3Di9N3z5e:F=N0VQ/w~DVJ)whb!c&{bp"B6/;[!6DSg 3 2019. Is there a medical deductible for the retiree plan? 635 13 Do I need to notify the Fund Office if my spouse passes away? IBEW 405 H&W SMM No. Yes, there are some instances in which you would qualify for a benefit even though you are not vested. After retirement under the plan, however, all or a portion of the retiree's monthly pension benefit can be waived upon the retiree's request while the death benefit remains in effect. What if I die before I start receiving a benefit? If you're younger than 75 when you die, this payment will be tax-free for your beneficiaries. Does my spouse have to meet two deductibles? Do I have to be a certain age to Retire? Yes, you need to enroll in BOTH Medicare Part A and Part B. Transamerica requires you to have both Part A and Part B. (TTY:711). H|T=o@+8e'^fh2$KU` h3#yMYVH Who should I contact for information about my pension benefits? Benefits Office. You can use the Plan & Benefits tab to print a card instantly. IBEW LU 716 Pension Office. It is very important that you notify the Fund Office when you return to work and when you cease working. The IBEW has a long history of designing and providing benefits to help its members. 2023NECA IBEW Benefits. 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. The Joint & Survivor options give you a reduced lifetime benefit which will continue for your spouse in the event of your death. "A" members need only hold IBEW membership for six months for their named beneficiary to receive the death benefit. "A" members who meet the qualifications of an applicant for pension may also receive a monthly benefit from the IBEW Pension Benefit Fund. If I have a Deferred Vested Benefit under the Plan, must I do anything to receive these benefits? We do not take any payments over the phone or credit cards at this time. At that point the system will inform you . When I am eligible for Medicare, do I have to take the Transamerica coverage if I wish to continue my participation in the Retiree Plan? May I retire before age 65? As union members, we bargain collectively with our employers over wages, benefits, and working conditions. What is the difference in the Joint & Survivor options and the 5 or 10 year certain options? The system will provide eligibility status information. If I have a Deferred Vested Benefit under the Plan, must I do anything to receive these benefits? There are several other requirements that have to be met to qualify for the Retiree Plan. The plan number assigned by the IBEW to the IBEW PBF is 001. The IBEW PBF is a defined benefit plan. The benefits include: Health & Welfare; Retirement Benefits; Death Benefits; Scholarships; Use this Section to learn more about the funds and they can work for you! Additionally, only those delegates holding "A" membership may vote on issues related to the IBEW Pension Benefit at IBEW International Conventions. %PDF-1.5 % Enter the participant ID number5. IBEW Pension Benefit Fund (PBF) Documents. endstream endobj startxref 92 0 obj <>stream As with many pension plans, the IBEW Pension Benefit Fund faces challenges; and at the 2011 IBEW International Convention in Vancouver, Canada, action was taken to strengthen the plan. All rights reserved. 326 0 obj <> endobj e A,.nP3)Z Hs1?8Y#/CsJ\q2UY30 2cf`0e`xpZx8] H b The information below pertains to "Active" (non-retired) participants and retirees, and their spouses, under the age of 65 who are not Medicare-eligible. Do we have a dental card? How do I add someone to my coverage? Does my spouse have to meet two deductibles? What happens to my spouse if I pass away after I retire? The 102 Welfare Fund is currently using Blue Cross/Blue Shield, as our Preferred Provider Organizations (PPO). How do I order new Prescription Cards? The Pension Plan is specifically designed to provide lifetime income security for retirees and, in many cases, their spouses. %%EOF If I am on the Retiree Plan and return to work, what will happen? Pension Benefits. When an "A" member retires from the IBEW, the relationship he may have with the IBEW may change, but it doesn't end. endstream endobj startxref 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. February 7, 2023. If I am on the Retiree Plan, how does it work when I am Medicare eligible and over age 65 but my spouse is not Medicare eligible? m X,c5KfL@rq17M~17Hmq?_ynn~dz IBEW ConstitutionArticle XVI, Section 11, as amended states: "The L.I.-J. Miller was not alone. Documents and Forms downloads for NECA-IBEW of Illinois Welfare Trust Fund and Pension Trust Fund Administration. Press 9 for eligibility status3. %%EOF As an IBEW Apprentice, Electrician, Powerline Technician or Network Cabling Specialist, your life insurance coverage is up to $125,000 (more in some areas) doubled if accidental death including long term disability coverage. What is the reason for a HIPAA Customer Service Consent form? How do I apply for pension benefits?For your convenience, an interactivePension Benefit Application form can be completed online. Does my spouse have to meet two deductibles? 'b(hvblo``0{7_SufsYOnpD$^kBc3/T^f`: c` X,1%)%Q]I| ^P(2p i4 cz 6iV If you were previously on the Base plan, you will have dental and vision coverage ONLY the months that you are eligible due to hours worked. benefit if you should die after earning the right to a vested benefit (se e "Preretirement survivor death benefit" in the "Benefits for survivors" section for more information). \bY}k[J$!}4H2BOZt/=pm%{fr#o1)Vw> G_y-R#J b,?y*FUIW3# QHU3k 3THU(@IiBAVH0q>&>2dVh(:Y)@t(^a:OIJ(UE Ap= {] _"BdP?. 70 0 obj <>/Filter/FlateDecode/ID[<42994DC3F1A3824EB762CD90F109DA64>]/Index[54 39]/Info 53 0 R/Length 88/Prev 153595/Root 55 0 R/Size 93/Type/XRef/W[1 3 1]>>stream Others set the premiums so high that the typical electrical worker could not afford to maintain life insurance for his or her surviving family. Contact Us | %%EOF 0000002354 00000 n Beneficiary Designation Form - Welcome to the website for IBEW Local 102 All individuals currently holding "BA" membership with the IBEW are encouraged to take advantage of the benefits associated with changing their membership to "A." Your claims should be automatically submitted to the Fund Office from Medicare. THE IBEW . %PDF-1.6 % 0 For "A" members with 20 years or more, those who meet the qualifications of an applicant for pension may apply for early retirement between the ages of 62-64, but will experience a 6.66% reduction in monthly payments for each year or part thereof that they are under the age of 65 at the time they begin to receive a benefit. marriage, divorce, death of a beneficiary, etc.) For replacement cards with the same number, visit the HRA Participant Portal. If I take another job after I retire, will I lose my pension? No Disability Pension, Death Benefit or Optional Spousal Benefit Lump sum payment made if monthly benefit equal to or less than $30.00 (U.S.) or Canadian equivalent . QUESTIONS AND ANSWERS . IBEW Local 246 Benefits OfficePO Box 364Troy, MI 48099. Due to a January 1, 2010 Bylaws change, retired Local 48 members are no longer required to continue payment into the Local Union Death Benefit plan. %PDF-1.4 % Author: Janks, Joan Created Date: 07/13/2020 08:48:00 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.
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