*Federal law mandates five years for vesting
At retirement, you will receive $5.50 per year of service per month.
For example, if you pay your monthly dues every month for 40 years, you would receive $220.00 per month.
$5.50 x 40 years = $220.00 per month
*Please contact Stacey at 504-831-1372 for more information regarding the IBEW (International) Pension Benefit Fund
At retirement you will receive $33.00 per year of service per month. For example, if you are an active member for 40 years, you would receive $1,320.00 per month.
$33.00 x 40 years = $1,320.00 per month
Create an account here to view the following:
*Please contact Stacey at 504-831-1372 for more information regarding the NEBF (National Electrical Benefit Fund)
At retirement you will receive the following:
1,000 man hours earned/work hours = $45.00 per year of service per month
1,600 man hours earned/work hours = $72.00 per year of service per month
The differential of hours between 1,000 and 1,600 is pro-rated according to the actual hours worked.
For example; if you earned 1,600 man hours worked/work hours over 40 years of service you would receive $2,880.00 per month.
$72.00 x 40 years of service = $2,880.00 per month
*Please contact Kelley at 504-837-9812 for more information regarding the IBEW Local Pension
At retirement you will receive the full amount in your account. The current Annuity contributions are $6.50 per hour.
For example, if you are a full time employee working 2,080 hours per year x $6.50 per hour you would have $13,520.00.
$13,520.00 x 6% interest each year for 40 years = $2,230,206.59
Use this Compound Interest Calculator to see your estimated amount:
To login or create your own account and track your funds see below:
*Please contact Kelley at 504-837-9812 for more information regarding the IBEW Local 130 Annuity
