What is the name of the fund created by NECA and IBEW for retirement benefits?

The National Electrical Benefit Fund (NEBF) is specifically designed to provide retirement benefits for members of the IBEW and their beneficiaries. This fund was established as a collaborative effort between the National Electrical Contractors Association (NECA) and the International Brotherhood of Electrical Workers (IBEW). It plays a crucial role in ensuring financial security for electricians in their retirement years, reflecting the commitment of both organizations to support their workforce.

The NEBF offers various benefits, including pensions which are often based on contributions made during a member's working years. It is tailored to meet the needs of electrical workers, providing a safety net upon retirement. Understanding the purpose and function of the NEBF is essential for those in the electrical trade, as it underscores the importance of planning for retirement through collective efforts.