What if my dentist isnt a Guardian provider? Is there a medical deductible for the retiree plan?There is no medical deductible for retirees and their spouses who are age 65 or over. Death Benefit - Plan A Only Members - $10,000 (reduced at age 70) Spouse <65 - $3,000 Dependent: Greater than 14 days & Less than 25 years old - $3,000 Yes. Today, only "A" members of the IBEW participate in the IBEW Pension Benefit Fund through which they may later become eligible to receive a monthly pension benefit. Through the CVS/Caremark "Maintenance Choice" program, "Base Plan" cop-pays for a 90-day supply through mail are $25 for generic and $35 for brand. If I return to work, will I have dental and vision coverage? Current benefit is equal to 50% of the accrued benefit . 0 ;!zr=f AUNDnQ#` 3j 0000000952 00000 n How do I order new Prescription Cards?Contact CVS/Caremark directly, there is no need to call the Fund office. . Email: Pension@IBEW.org Fax: (202)728-6138 Effective November 2018, PBF will begin accepting clear, legible copies of . The 102 Welfare Fund is currently using Blue Cross/Blue Shield, as our Preferred Provider Organizations (PPO). The 5-Year Certain (Early Retirement or Normal Retirement options) gives you a lifetime benefit, but if your death occurs after you have received at least 60 monthly payments (5 full years) no benefits will be payable to your beneficiary. Yes, your prescription coverage through the Fund will continue with the SilverScript Prescription Drug Plan (PDP). Ft e! Death Benefits. Yes, you should notify the Fund Office immediately if your spouse passes away. At the 1991 Convention, the EWBA and PBF were amalgamated into one fund, and as a result, death and pension benefits were significantly improved. Who should I contact for information about my pension benefits? Electrical Workers Death Benefit Society 83rd Annual Meeting This card is sent to you on a periodic basis. 243 0 obj <> endobj For example: Hours worked in May are not received in the Fund Office until mid-June. Why are my options to fill my maintenance drug prescriptions?The plan still only allows one (1) fill and two (2) refills at the retail pharmacy, however, you can now get a 90-day supply of your maintenance drug(s) at any CVS pharmacy nationwide. How do I know if my provider is a PPO with BlueCross/BlueShield? If I have a Deferred Vested Benefit under the Plan, must I do anything to receive these benefits? If I take another job after I retire, will I lose my pension? May I name someone other than my spouse as my beneficiary? "A" members who meet the qualifications of an applicant for pension may also receive a monthly benefit from the IBEW Pension Benefit Fund. A:+)$%6j\BQ^3hOtbm)SchHx !=Z}8$J=._^-, HTKo0W(G[3,^*H3Cm~$qG~&! For a Married Participant the Basic Form of Benefit is a Participant and Spouse Pension (otherwise referred to as Husband and Wife Pension in the SPD or 50% Joint and Survivor Pension)(following death of participant spouse gets 50% of Participants amount). The Joint Industry Board of the Electrical Industry: Serving IBEW Local Is there a deductible for Dental and Vision Benefits? oI;d:lI4pU*RI(CjhEADJ[PYJCP6W|C|Q{Jel-(wLC%co-%)!WCi!BH^jpZzV!4Db(.]h@NEU!o$I;KlQ8:tAoIXI. pREq .CnaKqK`4"j{C-]K5NK#fwdEL@8e$8c^lJ(1Y+u%'^ruP`-O$*qw]t>=]W2% nF2'i>IHy #! 92 0 obj <>stream February 7, 2023. 4) Death Benefit . hbbd``b`z$[A8`5 +D$Xi H1xb``D'` L Why is my Benny Card suspended? If you would like a copy of your 2022 Form 1095-B, you may request a copy by email at: Eligibility@8thdistrictbf.org, by phone at: (844) 989-2321, or by mailing your request to: P.O. - 20.00% reduction . PDF Your Pension Plan Benefits - IBEW Local 2222 I will be retiring soon, what do I need to do? He chose a normal pension form for payment of his benefits. Why do I need to complete a Beneficiary Data Card? The Retiree Plan is NOT automatic, so you will need to submit an application to our office. Call 1-800-765-4239. No, it is your responsibility to keep track of your eligibility. 2. PDF THE IBEW PENSION BENEFIT FUND Brotherhood of Electrical Workers, AFL These benefits are available only to the employee -- not to the dependents. DISABILITY When I am receiving Weekly Income Benefits due to disability, do I have to complete the weekly letter each week? When I am eligible for Medicare, do I have to take the Transamerica coverage if I wish to continue my participation in the Retiree Plan?If I am on the Retiree Plan, how does it work when I am Medicare eligible and over age 65 but my spouse is not Medicare eligible? Please keep in mind there is a dental maximum benefit per calendar year of $1500. is a defined benefit retirement plan that currently provides a monthly benefit to over 2,500 retired participants. Press 9 for eligibility status. What if my dentist isnt a Guardian provider? For retirees and their spouses and dependents who are Medicare-eligible, please contact SilverScript at 1-844-449-4729. IBEW Local 915 | Retirement Benefits. If I have a Deferred Vested Benefit under the Plan, must I do anything to receive these benefits? Those retired "A" members continue to play a part in strengthening the IBEW; and although they may no longer be active members, they remain important. You need to notify the Fund Office upon returning to work and upon terminating your employment. The benefits include: Health & Welfare; Retirement Benefits; Death Benefits; Scholarships; Use this Section to learn more about the funds and they can work for you! Mr. Rich was a member of the IBEW and participated in its Pension Plan. Please keep in mind that your spouse is automatically your beneficiary unless he/she has consented in writing otherwise. How long does it take for my benefits to begin once I retire? The IBEW Constitution compels us in its Objects to organize all electrical workers in every . PHONE. Our History and Our Mission | Local Union No. 3 IBEW BENEFITS TO MEMBERSHIP. 93 0 obj <>stream endstream endobj 244 0 obj <>/Metadata 27 0 R/PageLayout/OneColumn/Pages 239 0 R/StructTreeRoot 37 0 R/Type/Catalog>> endobj 245 0 obj <>/Font<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 246 0 obj <>stream 2020 Critical, Critical and Declining, Endangered Status Notices For replacement cards with the same number, visit the HRA Participant Portal. 0000001144 00000 n A Pension Services Representative will work with the person submitting the death certificate to determine if and when any benefits are due. When I become eligible for Medicare, will I still have prescription coverage? The pension benefit at the beginning was an all-inclusive $40.00 per month. Short term disability benefits are payable for thirteen weeks at the rate of 50% of gross pay to a maximum of $260 per week. The benefits associated with "A" membership in the IBEW are just one of the examples of the way the IBEW "takes care of their own," said Larry Reidenbach, Senior Executive Assistant to International Secretary-Treasurer Salvatore Chilia. PDF COMPARISON OF PENSION FUNDS - ibew617benefits.com If I return to work, will I have dental and vision coverage? Pension Benefits. %%EOF COBRA How much is the COBRA monthly premium? You are obligated by law to notify the Fund Office of entering the military and upon returning from duty. Revised May 2012 . Do I have to be a certain age to Retire? IBEW ConstitutionArticle XVI, Section 11, as amended states: "The L.I.-J. The only difference being that if you use a Guardian provider for dental, there may be discounts & that would stretch your benefit dollars. endstream endobj 603 0 obj <>stream The Electrical Workers Pension Fund Local 103, I.B.E.W. =T8x=.o0 N} hb```,M cb %PDF-1.5 % ", Copyright 2023 by IBEW Go to www.neca-ibew.org 2. The most recent changes to the PBF death benefits were approved at the 2001 Convention and became effective January 1, 2002, thereby increasing the death benefit payment to $6,250 and providing for an accidental death benefit of $12,500. . How often do I need to have a physicians statement completed by my doctor? 343 0 obj <>/Filter/FlateDecode/ID[<59C37237E8D73848ADB71F1CF7336A7E><8673EE9BDAF8CA4C85DA5E6443BC9857>]/Index[326 26]/Info 325 0 R/Length 95/Prev 488274/Root 327 0 R/Size 352/Type/XRef/W[1 3 1]>>stream An informational dental card is included in new member packets which instructs you as to how to find an in-network provider. Please go to the Documents and Forms library at https://www.neca-ibew.org/Documents-and-Forms, category Accident Forms, to download an accident form. Current benefit is 120 monthly payments equal to 50% of the accrued benefit starting the month after death. Endangered Status Notices. Every six to eight weeks unless your physician states on the form that you are permanently and totally disabled. .mc``#t >(f` w~'"V45+ d`rRt})LaQ When I become eligible for Medicare, do I have to purchase Medicare Part B? . Once your spouse passes away, no further benefits are due. If you were previously on the Base plan, you will have dental and vision coverage ONLY the months that you are eligible due to hours worked. The Electrical Workers Death Benefit Society (EWDBS) 83rd annual meeting was called to order in the JIB auditorium on February 10. . Cobra coverage available following the 24-month period of coverage under the Family Security Benefit. h|TKo0+2=hZu0tp5)zu As with many pension plans, the IBEW Pension Benefit Fund faces challenges; and at the 2011 IBEW International Convention in Vancouver, Canada, action was taken to strengthen the plan. The IBEW is located at 900 Seventh Street, NW, Washington, DC 20001. There are currently 100,000 IBEW members who are receiving a monthly benefit from the IBEW Pension Benefit Fund. For questions please contact: Margaret at (815) 729-1240 for further . Benefits Overview - IBEW 176 Union Ann Tinney has been employed by the IBEW Local 246 Union Hall and is available for questions. IBEW PENSION BENEFIT FUND [PBF] 1) PBF is $4.50 per month per years of membership . What if I die before I start receiving a benefit? Southern California IBEW-NECA Trust Funds Register online at www.caremark.com. In the Event of a Death | NEBF Deferred Savings Plan Summary plan. The Value of A Defined Benefit Pension Plan - IBEW 3
