The Plan pays: $25,000 death benefit for active employees. However, this task is essential if your loved one has retired from the job. 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. As of January, 2017, the new $25,000 AD&D policy offers 24-hour coverage for all active members. 0000000016 00000 n
Please review the, You used the Benny Card and we did not receive documentation to validate the transaction. Representatives are available Monday-Friday, 7:30 a.m.-5 p.m. Pacific time. IBEW Local 602. 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? However, you can submit a claim to the HRA department for reimbursement after your premium has been deducted from your bank account. Retirees and their families can stay connected. Example of payout: 30 consecutive years of membership = $4.50 x 30 years = $135/month. Plan trustees have reported that after three-and-a-half years, "A" members receiving a pension benefit from the IBEW Pension Benefit Fund have already surpassed their total contributions to the fund during their years as active "A" members. How long do I have to submit my retiree application? %PDF-1.4
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For questions please contact: Margaret at (815) 729-1240 for further . 2 Do I need to notify the Fund Office if my spouse passes away? Does my spouse have to meet two deductibles? Pension Plan #3: Personal Benefit Fund (PBF) Part of your monthly dues pay for a $6,250 natural / $12,500 accidental death benefit that at retirement becomes a defined pension benefit paying $4.50 per month per consecutive years of service. Phone (202) 728-6206 Fax (202) 728-6138 Email pension@ibew.org. Is there a deductible on our Prescription Drug Plan with CVS/Caremark? HTKo0W(G[3,^*H3Cm~$qG~&! 127 0 obj
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You may choose one, or a combination of these benefit options. Do I have to be a certain age to Retire? We look forward to serving you in a professional and timely manner. The only method of payment accepted for the Retiree Plan is direct withdrawal (ACH) from your bank account. The Employer Identification Number of the IBEW is 530088380. What happens to my spouse if I pass away after I retire? Coverage provided at no cost until two years from the date of the employee's death after the personal hour bank is exhausted. Please do not email the Benefit Application as it contains private information and email may not be HIPAA-compliant. hbbd``b`z$[A8`5 +D$Xi H1xb``D'` L
IBEW 716 . ]jDi{ue*5/)vjwrF9=tKj7 "4#RJ&]s?S 08/01/08 Member's Signature Call 1-800-765-4239. Pension Benefit Fund has sent pension checks payable to the deceased member after the . If I elect COBRA, can I drop the Dental and Vision Benefits and pay the ALT plan? However, the application MUST be received in the Fund Office within 90 days of the last day worked, 90 days from the run out of bank hours or 90 days from the date you receive your first proof of award. Can I use my HRA to pay for my Retiree Premiums?You cannot transfer money directly from the HRA Fund to pay your Retiree Premiums. HWrF}WS S1%Kt. RETIREMENT I will be retiring soon, what do I need to do? endstream
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Contact lenses count as lenses, meaning one set of lenses or a one-year supply of contact lenses will be covered each year. This vested right will entitle him to receive, commencing at age sixty-five (65), pension benefits computed on the basis of four dollars and fifty cents ($4.50 . After retirement under the plan, however, all or a portion of the retiree's monthly pension benefit can be waived upon the retiree's request while the death benefit remains in effect. For dependent children up to age 18, there is no calendar year maximum, but the following limitation applies: Coverage includes eye exams, one set of lenses and one pair of frames per year. 1; If you leave a job that offers a pension, it may be possible to take a lump sum payment at the time of your departure and roll over those funds into an IRA. See plan for detailed rules. You will need to send a check or money order. Through the CVS/Caremark "Maintenance Choice" program, "Base Plan" cop-pays for a 90-day supply through mail are $25 for generic and $35 for brand. If you are applying due to disability, we recommend that you make application to the Retiree Plan at the same time you make application for Social Security Disability. What is the medical deductible per year for an individual and for the family? Additionally, only those delegates holding "A" membership may vote on issues related to the IBEW Pension Benefit at IBEW International Conventions. H|T=o@+8e'^fh2$KU` h3#yMYVH BENEFITS TO MEMBERSHIP. Bylaws of each local union vary, but for most local unions, only "A" members can be local union officers. The best thing to do is to call customer service and tell us who you want to add to your coverage. You have two options: Report Lost/Stolen - you will get 2 Benny Cards with a new number Order Replacement - you will get 2 Benny Cards with the same number as your current Benny Card Please note:-Your address will be displayed for verification.
Yes, you may retire anytime on or between the ages of 55 thru 59 years old at an actuarially reduced pension, provided you are vested. The IBEW Local 278 Benefits Funds work to ensure the stability that each of our members and their families deserve. The second was to establish safety and training. Phone: (813) 621-6451 Fax: 813-623-1623. The plan today has a Disability, Early, Vested and a Standard pension payout. These same individuals will not receive a non-reduced benefit until age 62. Who should I contact for information about my pension benefits? 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. If I elect COBRA, can I drop the Dental and Vision Benefits and pay the ALT plan? Press 9 for eligibility status3. In the event of your death, the individual you last named on your data card will be who your death benefits (if eligible) are paid. Go to www.neca-ibew.org 2. 0
You used the Benny Card to pay for an ineligible HRA expense. %%EOF
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@ IBEW 900 7th Street, NW Washington, DC 20001 Attn: Pension & Death Claims Dept Form No. If you retire on or between ages 60 thru 65 there is no reduction in your benefit. There are currently 100,000 IBEW members who are receiving a monthly benefit from the IBEW Pension Benefit Fund. What is the reason for a HIPAA Customer Service Consent form? 92 0 obj
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Amendment 14 to the SPD of the Southern California IBEW-NECA Supplemental Unemployment Benefit Trust Fund. Henry Miller, the first President of the IBEW, died in 1896 without enough money for a decent burial. hWk0W=dP If you're younger than 75 when you die, this payment will be tax-free for your beneficiaries. You may name someone other than your spouse as your beneficiary; however your spouse must consent in writing to this. Do I need to complete an accident form even though my claim wasnt due to an accident? All members retiring January 1, 2007, or later will receive these improved payments. Learn more about benefits from IBEW member, Richard Prasad. 5-Ag T(Y+~,zk1UM)Psv}t7anJAIcwm0=lczoAcW(_UtyrQOv5hvdIn'VOw.}~"nmuL =T8x=.o0 N}
In the event of your death, the individual you last named on your data card will be who your death benefits (if eligible) are paid. xref
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? Of course, informing the union's administration office about your loved one's death might not be necessary if the deceased was still working at the time of death. H9(K;6inE&-ny{ZZvZvQD\M%?1sN#)_\*e. Enter the participant ID number5. In the Agreement and Working Rules dated January 1, 1944, it . When I become eligible for Medicare, do I have to purchase Medicare Part B? How often can I get glasses or contacts? There are several other requirements that have to be met to qualify for the Retiree Plan. At the 1991 Convention, the EWBA and PBF were amalgamated into one fund, and as a result, death and pension benefits were significantly improved. +RzfOBTn %(P 256 0 obj
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Mail to: IBEW Local 292 Benefits Office 6900 Wedgwo o d Rd N ste 425 Maple Grove, MN 55311. Employee Retirement . If I return to work, will I have dental and vision coverage? 124A Rev. If I return to work, will I have dental and vision coverage? HEALTH REIMBURSEMENT ACCOUNT (HRA)How do I order new Benny Cards? Why do I need to complete a Beneficiary Data Card? Local 60 Death Benefit: Benefit: $4 per Active Member & Retiree (approx) $6,800 Contact: IBEW Local 60 Office 3518 N. Loop 1604 E. San Antonio, TX 78247 210-337-1741. As an IBEW Apprentice, Electrician, Powerline Technician or Network Cabling Specialist, your life insurance coverage is up to $125,000 (more in some areas) doubled if accidental death including long term disability coverage. Frequently Asked Questions - Pension | Frequently Asked Questions - Health and Welfare. Section 1 - Benefit Options Information Timing and Availability The following describes the distribution options available to you for the death benefit you are claiming. %PDF-1.4
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The normal retirement age is 65 years old. You should contact the Fund Office for questions regarding your pension benefits. Some IBEW members hold "BA" membership. The plan number assigned by the IBEW to the IBEW PBF is 001. Many members, however, acquire far more than 20 years of participation by the time they reach retirement age. IBEW Local 246 Benefits OfficePO Box 364Troy, MI 48099. Your claims should be automatically submitted to the Fund Office from Medicare. The Electrical Workers Local 357 Pension Plan A and Plan B is managed by a Board of Trustees comprised of both union and employer representatives. GkTG C
to which the benefit can be paid, the death benefit shall revert to the I.B.E.W. mCgsE&X-5\[sCl$|aQIrnZx'mq2'Tq_UK How do I add someone to my coverage? Named beneficiaries of 'A' Members may receive a $6,250 death benefit if death occurs by natural causes or $12,500 for those who die accidently. Income Security Act of. United Independent Union Newspaper Guild of Greater Philadelphia Pension Plan. Author: Janks, Joan Created Date: 07/13/2020 08:48:00 However, this amount never falls below $3,000. $12,500.00 accidental death. June 30 is the end of the Plan's fiscal year for the purposes of maintaining the Plan's fiscal records. 351 0 obj
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How long can I stay on COBRA? DENTAL/VISION Is there a deductible for Dental and Vision Benefits? Why do I need to complete a Beneficiary Data Card? How long does it take for my benefits to begin once I retire? This form can be printed and returned to NECA-IBEW by mail or dropped off in person. %PDF-1.5
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Those retired "A" members continue to play a part in strengthening the IBEW; and although they may no longer be active members, they remain important. 0000001814 00000 n
The 10-Year Certain (Early Retirement or Normal Retirement options) gives you a lifetime benefit, but if your death occurs after you have received at least 120 monthly payments (10 full years) no benefits will be payable to your beneficiary. 54K6*yML?xW^7djdPh\b2T7x$u~ZXvzWLe3dvNb8XM:5fWQ: bH4@HZM|aoN;1sG(zt;0@%3qhy:~~V\d]^uP_!|fV7t{7np63b}MK'D s;m/3+ 1D9
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2QRp H`9PRPJ Sometimes there is a delay in paying your benefits until your final hours are received in the Fund Office. How often do I need to have a physicians statement completed by my doctor? 0000000567 00000 n
Do I need to notify the Fund Office if my spouse passes away? | hbbd```b``"d3Xdj`Dr*@t ' hu,#?_ fO
In addition to payment from your account balance, your beneficiary may receive a death benefit based on your age and years of continuous participation when contributions were made to the Plan. The Pension Director also serves as the Reciprocal Administrator (RA) for the Electrical Industry Pension Reciprocal Agreement and the Electrical Industry Health and Welfare Reciprocal Agreement. In 1890, our founders came together with other electrical workers at the St. Louis Expo, and in 1891 the IBEW was born. startxref
Short term disability benefits are payable for thirteen weeks at the rate of 50% of gross pay to a maximum of $260 per week. Box 30751, Salt Lake City, UT 84130. endstream
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"A" members need only hold IBEW membership for six months for their named beneficiary to receive the death benefit. 2. The information below pertains to "Active" (non-retired) participants and retirees, and their spouses, under the age of 65 who are not Medicare-eligible. trailer
Why do I need to complete a Beneficiary Data Card? Should I apply for benefits even if I dont think I am entitled? (:DaY4=aqnut7`+*d18?'B6ld0_2~$Dx Call 1-800-765-4239. If I lose eligibility will I be notified once I become eligible again? Login
Mr. Rich was a member of the IBEW and participated in its Pension Plan. Defined benefit pensions also usually pay . No Cost. marriage, divorce, death of a beneficiary, etc.) For Death Benefits from the IBEW Pension Benefit Fund Retired/Active "A" Members of the IBEW MR MS MRS MR MS MRS MR MS MRS Section A: Member's Information . (TTY:711). Current benefit is 120 monthly payments equal to 50% of the accrued benefit starting the month after death. Do we have a dental card? If I return to work, will I have dental and vision coverage? Yes, you must always keep the Fund informed of your address and at the time you retire, you must make application for the benefits. ;I'`@AR 2g`\'20 *J
Union members live better. Should I apply for benefits even if I dont think I am entitled? ~7DoG)sl" H:_\V:IRT3?f.M[70jG24t#YS=7b%S Q=IPxx&q?hF%hg^J|oB:/~i};p;\80 \8
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Please confirm your benefit and beneficiary information by calling 718-591-4400. The beneficiaries of retired "A" members may also be eligible for a death benefit between $3,000 and $6,250, depending upon how much the member has received in pension benefits at the time of their death. Effective May 30, 2016, a pension pre-retirement death benefit will no longer be forfeited if you are Zc8S!@$\0cG
;=q*Wz9ikCn8ukk.//nN7:bS{Q\v}rpR,*E(V>&9WWnH}U,Ain=Mk]3o}[7_+d4R^jn#)KE|'(D~].dAd,'1aN\HR"hLbLqgLYJh=cF. PBF History Death Benefit (EWBA) established in 1922 PBF authorized at 1927 Convention; began in 1928 for "A" members only Only Normal (age 65-older) until 1966 Disability and Vested (accrued) added PHONE. February 20, 2023. May I name someone other than my spouse as my beneficiary? for the IBEW Pension Benefit Fund . CONCERNING THE PROVISIONS AND PROCEDURES . The benefit amount will increase to $5.50 per month for each full year of such continuous "A" membership earned in and after 2023. Do we have a dental card? "A" members are also eligible for IBEW Pension benefits once they meet the age/year requirements. In the unlikely event your claims are not automatically sent, you or your provider may need to send your claims and EOBs directly to the Fund Office. You will also have Accidental Death benefit that doubles the above listed policies and provides an additional $2,500 benefit. How often can I get glasses or contacts? When I am receiving Weekly Income Benefits due to disability, do I have to complete the weekly letter each week? Go to the blue login box in the upper right hand corner and log in to Member Benefits, where you can check your eligibility and claim status. Effective January 1, 2013, monthly dues will be $30, with $15 attributable to the IBEW Pension Benefit Fund. . Inquiries about RX deductibles should be referred to CVS/Caremark at 1-844-345-3233. The Electrical Workers Death Benefit Society was established on January 1, 1940, by the membership of Local Union 3, I.B.E.W. No changes in the Rehabilitation Plan to the current benefit. %%EOF
We do not take any payments over the phone or credit cards at this time. Fax to: 763-416-6196 These two plans functioned separately for many years and to improve benefits a decision was approved to combine the plans. Critical Status Notices. %%EOF
For information regarding "Alternative Plan" co-pays, please refer to the 2020 Summary Plan Description and Plan Document under Documents & Forms or contact CVS/Caremark at 1-844-345-3233. To receive benefits from the NECA-IBEW Health and Welfare Trust Fund, you are required to fill out a Participants Data/Claim Statement (Data Card). Any questions about membership type can be directed to the office of your local union. DEATH BENEFITS FOR BENEFICIARIES Do I have to pay taxes on the Weekly Income Benefits? If you die before you retire your pension will pay out a lump sum worth 2-4 times your salary. What happens to my spouse if I pass away after I retire? In this position, the RA is responsible for administering these agreements, maintaining current data on all participating funds, and addresses all inquiries related to these agreements. Death Benefits. . New Body Scan Dates. WHEREAS, the IBEW Constitution provides under Article XI, Section 6(h): . hbbd```b``KA$BXf Lr`]`v4&
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The Officers and departments utilize these requests for organizing activities, political action, and informational mailings. Sign the Books; Re-Sign; Jobs Board; Pay Dues; Contact Us; Death Benefits. As always, please feel free to contact the Trust Fund Office at (702) 415-2188 if you have any additional questions or concerns. If I take another job after I retire, will I lose my pension? When I become eligible for Medicare, do I have to purchase Medicare Part B? xbb2e`b``3
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If a generic is available and you choose the brand, then you will pay the brand co-pay plus the difference in cost between generic and brand. How do I know if my provider is a PPO with BlueCross/BlueShield? HtTn0+xIl7t@@-2$!%R{OOgK_sg`r-73iC0?jGBP
a9&kDg(% The IBEW Constitution compels us in its Objects to organize all electrical workers in every . 264 0 obj
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However, participants may receive a copy of their 2022 IRS Form 1095-B from the Fund upon request to the Fund Office. Does my spouse have to meet two deductibles? %PDF-1.6
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You can use the Plan & Benefits tab to print a card instantly.
What if my dentist isnt a Guardian provider? Second, your local union will request a $2 admission fee and an amount that is equal to the difference between "BA" and "A" membership dues for your first month as an "A" member. Additionally, named beneficiaries of "A" members may receive a $6,250 death benefit if death occurs by natural causes or $12,500 for those who die by accident. 713-643-9300. Call 1-800-765-4239 2. Ft e! IBEW LU 716 Pension Office. Marine Journeyman: IBEW Pacific Coast Health & Welfare, (800) 872-8979. What happens to my spouse if I pass away after I retire? Tax statements will be mailed out at the beginning of each year showing the total amount of benefits you received the previous year. %%EOF
It is important to complete a new data card as you have changes in your life such as marriage, divorce and dependents. Why do I need to complete a Beneficiary Data Card? An IBEW pension will enable you to enjoy life without having to worry about making ends meet. NEBF understands that losing a loved one will be a difficult time for you, your spouse, family and friends. Others set the premiums so high that the typical electrical worker could not afford to maintain life insurance for his or her surviving family. Corpus Christi, TX 78417 Phone . There is a Surviving Spouse option available under the Retiree Plan of Benefits. Cobra coverage available following the 24-month period of coverage under the Family Security Benefit. The 102 Welfare Fund is currently using Blue Cross/Blue Shield, as our Preferred Provider Organizations (PPO). If your address has changed, please call the Fund Office before you order your new cards.-There is a $10 fee for new Benny Cards which is deducted from your HRA account. All active IBEW Local 1245 members are now eligible to enroll in the union's new Accidental Death & Dismemberment (AD&D) benefits and enhanced Term Life Insurance program at no additional cost. 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 - $3,000 6. 425 Eagle Rock Ave, Suite 105. 'A' Members require only six months of IBEW membership for their beneficiary to receive the death benefit. 1 2018. LOCAL 48 DEATH BENEFIT PAYMENTS. May I retire before age 65? MVAlww)k7m}8t/I/X!2N,@K4&i3`PMLdhqMunb|9>NN7jTJn. The Electrical Workers Death Benefit Society (EWDBS) 83rd annual meeting was called to order in the JIB auditorium on February 10. . The IBEW has a long history of designing and providing benefits to help its members. The SilverScript coverage will remain in effect unless you elect a different Medicare Part D Plan outside of the Fund's SilverScript Plan. If I take another job after I retire, will I lose my pension? Press the number 2 if you are the participant4. PHONE1. How do I order new Prescription Cards?
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9"Z'a89Fum`Ipb;[1AUQ\"Y[|8^V=uk~{Szc'C(]YZn*UPhLz()x;%Aa? Your rights are protected by U.S.E.R.R.A. 1. Do I have to pay taxes on the Weekly Income Benefits? IBEW ConstitutionArticle XVI, Section 11, as amended states: "The L.I.-J. The IBEW is located at 900 Seventh Street, NW, Washington, DC 20001. Your Benny Card is suspended when the card is used for an ineligible expense. ;!zr=f AUNDnQ#` 3j
hbbd``b`$[A2`q V'UbeX V$10124Y~ It is important to complete a new data card as you have changes in your life such as marriage, divorce and dependents. Why is my maintenance drug being rejected at the retail pharmacy? hUk0W=}K6B-uP%&1$v]-YqtE}w/3-* W"hIt:|EK\%nyS^7-1Fyg6[7D*:v2~=\h&xD,wb76I]VGm)Z_j@vUYMmuy. Southern California IBEW held that upon the Alternate Payee's death, the retiree will receive the full pension amount. IBEW Local 1547. What if I die before I start receiving a benefit? b3e00 Who should I contact for information about my pension benefits? As union members, we bargain collectively with our employers over wages, benefits, and working conditions. Its first objective was to create a death benefit for its members and their families. Why is my Benny Card suspended? The Survivor Benefit provides your spouse with a benefit for their lifetime. . The Local 1245 Executive Board unanimously approved the following benefit enhancements to IBEW 1245 members: Active Member (less than age 70) AD&D of $25,000 Member Term Life Death Benefit of $2,500 (increased from the current $1,000) Spouse Term Life Death Benefit of $500; . What is the difference in the Joint & Survivor options and the 5 or 10 year certain options? IBEW PENSION BENEFIT FUND [PBF] 1) PBF is $4.50 per month per years of membership . 2. Benefits will not be paid unless you fill out the weekly letter. A Pension Services Representative will work with the person submitting the death certificate to determine if and when any benefits are due. Revised May 2012 . is a defined benefit retirement plan that currently provides a monthly benefit to over 2,500 retired participants. You will be notified by the Fund when it is time to enroll in SilverScript (Approximately 2-3 months prior to turning 65). Click here to read the January 2023 Newsletter, Click here to read about the No Surprises Act, Frequently Asked Questions - Health and Welfare. If your spouse is under age 65 and not Medicare eligible, her or his benefits will be paid according to the schedule of benefits for Retired Employees Under Age 65 until she or he becomes Medicare eligible. 88 0 obj
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The pension benefit at the beginning was an all-inclusive $40.00 per month. h|TKo0+2=hZu0tp5)zu $6,000 death benefit for retired employees. The PG&E Benefits Service Center will need a separate certified copy of the death certificate to pay life insurance benefits. For replacement cards with the same number, visit the HRA Participant Portal. We will ask for such things as marriage certificates, birth certificates, divorce decrees, proof of spousal insurance and child affidavits depending on your particular situation. 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. 1974 (ERISA) 326 0 obj
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The IBEW has a long history of designing and providing benefits to help its members. %%EOF
The HIPAA Customer Service Consent Form allows designated family members and/or designated representatives to talk with and receive information from the fund office about you and other family members regarding their medical benefits, eligibility etc.. Natural parents of dependents under age 18 will be granted access to their medical information. Who should I contact for information about my pension benefits?How do I apply for pension benefits? That fraternal death benefit association (The Electrical Workers Benefit Association) was later merged in January 1992 with the IBEW Pension Benefit Fund following convention action. The Pension Plan is specifically designed to provide lifetime income security for retirees and, in many cases, their spouses. A Pension Services Representative will work with the person submitting the death certificate to determine if and when any benefits are due. The EWDBS meeting concluded at 5:55 p.m., at which time the General Membership Meeting resumed. endstream
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5621 Harney Road Tampa Florida 33610. 1. Union de Tronquistas de Puerto Rico Local 901 Pension Plan. For example: Hours worked in May are not received in the Fund Office until mid-June. hmo6{,R@I@I B5G-5~w+YAHGt8X RJ Do I need to complete an accident form even though my claim wasnt due to an accident? What is the difference in the Joint & Survivor options and the 5 or 10 year certain options?All options are a lifetime benefit for the participant. If I am on the Retiree Plan and return to work, what will happen? If I am on the Retiree Plan and return to work, what will happen? 3) Stop paying dues when starting retirement . . Be sure and notify the Fund Office if your spouse changes employers or has a change in status with his/her employer in regards to being offered medical insurance. benefit if you should die after earning the right to a vested benefit (se e "Preretirement survivor death benefit" in the "Benefits for survivors" section for more information). Do you take COBRA payments over the phone? A description of the IBEW Pension Benefit Fund is contained within Article XI of the IBEW Constitution, available online at www.ibew.org/members/pensionbenefitfund/ArtXI_041207.pdf. Home; About Us; Apply; New Member Orientation; Dispatch . Go to www.neca-ibew.org. What if I die before I start receiving a benefit? HTMo0W(LHaiN%R;fI}i`YIG'7WYgf`kouTunlu{;u;xkd//99k_rHIO5%mgySy{"Q-]B1A VX4@jg$'$
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If I have a Deferred Vested Benefit under the Plan, must I do anything to receive these benefits? ectrical Workers (IBEW) and the National Electrical . entitled to disability pension, death benefit or optional spousal benefit. PENSION PLAN . . The normal pension form paid $962.00 per month for a minimum of 60 months, and provided that . endstream
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Your spouse or other named beneficiary will need to call the PG&E Benefits Service Center at 1-866-271-8144 to collect life insurance benefits. STANDARD LIFE INSURANCE - $8,500.00 life insurance - paid through dues $76.56 yearly (effective 4/1/2020) IBEW PENSION BENEFIT FUND - (Death Benefit) $6,250.00 normal death - this benefit changes to no less than $3,000.00 if you have retired. An additional thirteen weeks is . The IBEW PBF is a defined benefit plan. . Additionally, named beneficiaries of "A" members may receive a $6,250 death benefit if death occurs by natural causes or $12,500 for those who die by accident.