BENEFITS

 

BENEFITS INSIDE BRANCH


BENEFIT
VESTING/ELIGIBILITY
CONTRIBUTIONS
BENEFIT AMOUNT
N.E.B.F. PENSION
5 YEARS
3% OF GROSS PAYROLL.
CONTRACTOR CONTRIBUTION (IMMEDIATELY)
$32.00 PER YEAR OF SERVICE. FULL CREDIT YEAR =300 HRS.
LOCAL 38 PENSION
5 YEARS @ 65
10 YEARS @ EARLY
(55-64)
EMPLOYER CONTRIBUTION: JOURNEYMAN =
$10.05 PER HOUR APPRENTICE =
65% OF JOURNEYMAN
JOURNEYMAN = $134.00 PER CREDIT YEAR OF SERVICE: APPRENTICE = 65% OF JW FULL CREDIT +1900 HRS. MINIMUM CREDDIT = 300 HRS
IBEW PENSION BENEFIT
5 YEARS @ AGE 65
20 YEARS @ AGE 62-64
$18.00 PER MONTH PAID BY MEMBER WITH QUARTERLY DUES
PER YEAR OF GOOD STANDING
$4.50
LOCAL 38 401-K PENSION
IRS RULES APPLY
TAX DEFFERED PAYROLL DEDUCTION. AVAILABLE AFTER REQUIRED ELEGIBILITY MEET
CONTRIBUTIONS PLUS RETURNS ON INVESTMENTS
LOCAL 38 SICK BENEFIT
6 MONTHS GOOD STANDING
6 WEEKS
LOST TIME, ILLNESS OR ACCIDENT
$.30 PER APPROVED MEMBER:
QUARTERLY DUES
$520.00 PER 2 QUARTERS
(6 MONTHS)
H & W. LOSS TIME BENEFIT
3 DAYS FOR ACCIDENT
7 DAYS FOR ILLNESS:
NOT WORK RELATED
HEALTH & WELFARE CONTRIBUTION
$350.00
PER WEEK
S.U.B. PAY
MUST BE ELIGIBLE FOR OBES BENEFITS AND ON OUT OF
WORK BOOK:
HEALTH & WELFARE SCHEDULE
EMPLOYER CONTRIBUTION
$100.00 PER WEEK
UP TO 26 WEEKS
H & W. DEATH BENEFIT
ELIGIBLE FOR
HEALTH & WELFARE
EMPLOYER CONTRIBUTION: HEALTH & WELFARE
$10,00 DEATH
$20,00 ACCIDENTAL
IBEW PENSION:
DEATH BENEFIT
6 MONTHS
GOOD STANDING
PAID BY MEMBER WITH QUARTERLY DUES

ACTIVE MEMBERS

$6,250.00 DEATH
$12,500.00 ACCIDENTAL

LOCAL 38
DEATH BENEFIT
6 MONTHS
GOOD STANDING
$1.00 PER
APPROVED MEMBER:
QUARTERLY DUES
$2,400+
LOCAL 38
PENSION
DEATH BENEFIT
5 YEARS
EMPLOYER CONTRIBUTION: PENSION
CALCULATED ON BENEFIT EARNED AFTER VESTING:
60 MONTHS GUARANTEED
OR DEFERRED SPOUSAL
J. & S. SURVISORSHIP
N.E.B.F. PENSION
SPOUSAL DEATH BENEFIT
5 YEARS
3% OF GROSS PAYROLL CONTRACTOR CONTRIBUTION (IMMEDIATELY)
CALCULATED ON BENEFIT EARNED AFTER VESTING: DEFERRED SPOUSAL J. & S. SURVISORSHIP ONLY

QUARTERLY DUES / BENEFIT PAYMENTS & WORKING DUES

PAID TO:
AMOUNT:
HOW PAID:
WHO PAYS:
INTERNATIONAL PENSION
BENEFIT
$18.00 PER MONTH
QUARTERLY DUES*
ALL MEMBERS OF LOCAL 38
INTERNATIONAL DUES
$18.00 PER MONTH
QUARTERLY DUES*
ALL MEMBERS OF LOCAL 38
LOCAL 38 DUES
$.50 PER MONTH
QUARTERLY DUES*
ALL MEMBERS OF LOCAL 38
LOCAL 38 SICK
ASSESSMENT BENEFIT
$.30 PER APPROVED
SICK MEMBER
QUARTERLY DUES*
ALL MEMBERS OF LOCAL 38
LOCAL 38 DEATH BENEFIT
$1.00 PER DEATH
OF A MEMBER
QUARTERLY DUES*
ALL MEMBERS OF LOCAL 38
LOCAL 38 WORKING DUES
2% OF GROSS PAY
PAYROLL DEDUCTION
ALL EMPLYEES WORKING UNDER THE INSIDE WORKING AGREEMENT
LOCAL 38 E.I.A. FUND
3%
OF GROSS PAY
PAYROLL DEDUCTION
ALL JOURNEYMEN WORKING UNDER THE INSIDE WORKING AGREEMENT
* WILL BE DEDUCTED FROM VACATION ACCOUNT IF MONEY IS AVAILABLE
DUES RECEIPT WILL BE MAILED (CARRY QUARTERLY DUES RECEIPT WITH YOU ON JOB)