benefits while a trainee
As a Trainee, you’ll receive health insurance benefits for yourself and your dependent family, including health, dental and vision insurance. This insurance is provided 100% by the electrical industry and is not deducted from your paycheck. The health insurance plan provided allows you to see any doctor you wish, anywhere in the country.
In a time when most companies are cutting back on retirement benefits, the profession offers two outstanding retirement plans and NEBF benefits to ensure you and your family of a secure financial future.
Eighth District Electrical Benefit Fund
Under the local agreements (IBEW locals 12, 111, 113, 44, 532, 768) you will receive a retirement benefit for each hour you work. This amount is paid by the electrical contractors and is not deducted from your paycheck.
National Electrical Benefit Fund
This multi-employer defined benefit plan provides monthly contributions of 3% of gross pay for Trainees associated with participating local unions of the IBEW. Trainees receive the benefit as part of their compensation package when they work for a contributing employer. Vesting in the fund takes just five years. Your benefit is secure once you have earned five service credits. Generally, you earn one service credit a year.