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Pension

The pension department at IBEW Local 134 works alongside EIT to support our members in understanding their pension plans and benefits. We make the application process for retirement benefits as smooth as possible, guiding you through the steps so you can enjoy your retirement without any worries.

IBEW Local 134, along with our partners, hosts informational retirement seminars and share educational materials to help you make the best decisions for your retirement planning. Our team works hard to keep accurate records, but it is imperative for you, the member, to update your information and beneficiaries to ensure you receive the benefits you’ve worked for throughout your career.

Our goal is to serve the best interests of all IBEW Local 134 members, and we’re here to help you every step of the way!

Pension and Forms

 Quick Links:
PensionDeath ClaimsDirect Deposit for IO & NEBF Retiree Pensions | DisabilityLife insurance Beneficiary Forms
Withdrawal CardsTraveling Outside of Local 134 | Looking to Retire

Pension


Death Claims


Direct Deposit for IO Retiree Pension and NEBF Retiree Pension


Disability

For short-term and long-term disability, please get in touch with EIT @ 312-782-5442
Social Security Permanent Disability, the Local Pension department will assist.



Life insurance Beneficiary forms


Withdrawal Cards

A Withdrawal from the Union is for Members who are no longer working in the electrical industry and want to leave in good standing to protect their membership should they wish to return or until they are eligible for pension benefits.

  • The Member must be current on dues.
  • Withdrawal – forfeit all I.O. benefits, including I.O. pension and death benefits.
  • Participating Withdrawal Card (PWC) - Ensures the I.O. benefits continue as long as you stay current on your I.O. dues. All "A Type" Members contribute to the International Office (I.O.) pension.  All "A" Cards, certain "B" cards, and most "C" cards have "A Type" membership. The Member would pay only the I.O. portion of their Dues and continue contributing to the I.O. pension. The I.O. portion fee is currently $138.00 per quarter as of January 1, 2025, and is paid directly to the I.O. Also, the Member's death benefit with the I.O. is maintained at $6,250 until the Member retires; at this time, the amount is reduced to $3,000, and no premium is required. In addition, the Member would choose to maintain the $10,0000 Standard Group Life Insurance (GLI) benefit, of which the current premium is $168 once a year.


Traveling Outside of Local 134

When a Member travels outside of Local 134, they must obtain a letter called a Travel Card from LU #134. The member must provide the Local Union number and the name and phone number of the person they spoke with for the Local they are traveling into who said they are accepting Members.

  • Union # you are traveling to
  • Contact name for the Union you are traveling to
  • Contact phone # for the Union you are traveling to
  • Name of the person you spoke with for the Union you are traveling to
  • Make sure the Member Card Number stays the same.


Looking to Retire

To be eligible for the International Office pension benefit (I.O.)

  • “Early” pension: The Member must be 62 years old, be in good standing, and have at least 20 years of continuous “A Type” of membership at the time of application for pension.
  • To be eligible for a “Normal” pension, a Member must be 65 years old, in good standing, and have at least 5 years of continuous “A Type” at the time of application for pension.
  • To be eligible for a “Disability” pension, a Member has to have at least 20 years of continuous “A” Type of membership at the time of application with medical evidence or total disability. The early pension will be reduced by 6.66% if you retire at age 64, 13.32% at age 63, and 19.98% at age 62. The current rate for the I.O. Pension is as follows:
  • $4.50 Per year for each full year of continuous “A” Type membership earned through 2022 and $5.50 per year for each full year of constant “A” type membership earned in and after 2023

To be Eligible

To be eligible for the National Electrical Benefit Fund (NEBF), any individual who has contributed at least 300 hours in any of the seven calendar years immediately preceding the year in which they apply may retire when they attained the age of 62, and the Member benefit will not be reduced for said “Early” retirement if vested. The basic vesting requirement for the NEBF Pension is five or more years of continuous employment with contributing employers. The current rate for the NEBF Pension is as follows:

$33.00 for each credited year of service

Please get in touch with the Electrical Insurance Trustees for PP2, PP4, PP5 and PP6 @ 312-782-5442

Affiliate Contact Information

 Electrical Insurance Trustees
Ph 312-782-5442 | www.fundoffice.org
6195 W. 115th Street, Alsip, IL 60803

 IO Office
Ph 202-728-6206 | www.ibew.org
900 7th St. NW, Washington, DC 20001

 NEBF
Ph 301-556-4300 | www.nebf.com
2400 Research Blvd., Suite 500, Rockville, MD 20850

 Megent Financial
Ph 708-444-1090 | www.megent.com
15321 S. 94th Ave., #100, Orland Park, IL 60462

 Social Security Administration
Ph 800-877-7195 | www.ssa.gov

 Medicare
Ph 800-633-4227 | www.medicare.gov

 John Hancock
Ph 800-294-3575 | www.johnhancock.com



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Links

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