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Retirement Plans
Nov 02, 2020

RETIREMENT PLANS

There are four sources of income for those retiring from the trade working under the IBEW/NECA program and contracts.

    * Social Security

    * Local Pension plan through IBEW LU 238. The employer pays $2.23 per hour for each journey level employee         and a lesser amount for upper-class apprentices and CE's. This pay is NOT deducted from wages.

    * National Electrical Benefit Fund. Currently Pays $32.00 per month for every year of service upon retirement.           Must work 300 hours in calendar year for good service year. This cost is NOT deducted from wages.

    * Upon retirement, the IBEW International pension pays $4.50 per month for every year one paid union dues.

    * The IBEW also provides a death benefit

HEALTH INSURANCE is provided for Construction Wireman levels 1b-4, all Construction Electricians, Apprentices, and Journeyman


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IBEW Local 238
46 New Leicester Hwy
Asheville, NC 28806
  828-505-0216

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