IBEW Active Member Benefits

Contribution Rates

IBEW Local 82 Pension Fund $2.00 per hour paid
IBEW Local 82 Annuity $2.00 per hour paid
Health and Welfare Fund $4.50 per hour paid

Please check the working agreement for additional information concerning overtime and apprentice contributions

IBEW Local 82 Pension Fund
Effective September 1, 2003
The monthly amount of your Normal Retirement Pension will be equal to the sum of the following:

$2.70 for each year of Past Service (Before 1964) up to a maximum of 15 credits, PLUS

4.2% of each Eligible Contribution paid to the Fund on your behalf prior to September 1, 2003, PLUS

3.0% of each Eligible Hourly Contribution paid to the Fund on your behalf after September 1, 2003.

The "Eligible Hourly Contribution" does not include the $.25 per hour that is directed toward the general assets of the Fund to provide the Thirty Years and Out Service Pension.

IBEW Local 82 401(k) Plan
The Employee Benefits Office has the forms you need to change your payroll deductions and asset allocation. You can defer up to 20% to the 401(k) Plan. For further information visit www.generalpension.com

IBEW Local 82 Health and Welfare Fund
Effective May 31, 2004 the current benefit charge is $650 a month. It takes 144.4 hours per month @ $4.50 per hour to maintain eligibility. Any contributions exceeding the benefit charge amount are credited to your Dollar Bank for future eligibility. You can accumulate up to $6,000 in your Dollar Bank.

For vision benefits information visit www.vsp.com

For prescription benefits information visit www.savrx.com

For details of all plans, CLICK HERE