IBEW Local 520 Union Benefits
$ 4.50 for each Year of Service
$ 32.00 for each Year of Service with a Contractor*
*This pension amount will be adjusted, based on the amount paid when you last worked in the trade.
- Both pensions are payable beginning at age 62 or after 20 years with the IBEW for Disability benefits.
- NEBF Vesting requires 5 years of service.
- The International will not send paperwork for a member until they are within 6-months of reaching age 62.
DEATH BENEFIT FUNDS
$ 6,250 for an active member
$ 3,000 is the minimum benefit amount for a retired member
LU 520 FUND
$ 8.00 for each active member*
*This currently equates to over $8,000