RETIREMENT FUND(S) INFORMATION SITE
NECA-IBEW LOCAL UNION 700 ANNUITY FUND

Contact Information:       2914 Midland Blvd                     Phone:  479-782-2299
                                       Fort Smith, AR  72904                Fax:  479-783-0512
BOARD OF TRUSTEES:
Labor:    Burl Carter                Management:  Steve Strunk, Chairman        NECA:   Cindy Estes
               Curtis Walbe                                      Cindy Estes
               Colt Hamilton                                     Austin Thomas


The current contribution rate paid into the annuity fund per employee per hour worked: 
     Journeymen........................................$ 3.75 per hour worked
     1st & 2nd Period Apprentice...............No annuity paid
     3rd Period Apprentice.........................$ 3.75 (JW) x 61% x   33%  = 0.75
     4th Period Apprentice.........................$ 3.75 (JW) x 63% x   66%  = 1.56
     5th Period Apprentice.........................$ 3.75 (JW) x 79% x 100%  = 2.63
     6th Period Apprentice.........................$ 3.75 (JW) x 80% x 100%  = 3.00


ALL QUESTIONS REGARDING THE RETIREMENT FUNDS SHOULD BE DIRECTED TO LOCAL UNION 700'S OFFICE BETWEEN THE HOURS OF 8:00 A.M. TILL 4:30 P.M. MONDAY THROUGH FRIDAY.
NATIONAL ELECTRICAL BENEFIT FUND (NEBF)
Contact Information:2914 Midland Boulevard              Phone: 479-783-1149
                                Fort Smith, AR  72904                      Fax: 479-783-0512
   

The current contribution rate for the NEBF is 3% of your gross wage.  

It is advisiable to begin 6-9 months before your retirement date to fill out the paperwork.  You can get on the NEBF website by clicking the Icon to the left to review information about what is required from you to get started.  You can download the packet (18 pages) or you can pick one up at the union hall.

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IBEW PENSION PLAN
Contact Information:    2914 Midland Boulevard          Phone:  479-783-1149
                                    Fort Smith, AR 72904               Fax:  479-783-0512 


"A" members of the IBEW are eligible to apply for a normal retirement pension if they have five (5) or more years of continuous good standing at the time of their application for pension, and have reached age sixty-five (65).  All members must apply through the local union Financial Secretary for pension on the prescribed form, which will be obtained from the International Secretary.In Addition to satisfying the eligibility requirements of age 65 and 5 years continuous good standing, the member must be fully retired from the electrical industry in order to receive his or her normal retirement pension benefit. For more information on the amount you will draw and eligibility rules click on one of the links to the left.

You must contact the Union Hall to request a application form.  

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