In order to ensure the health and safety of our employees and their families amid the COVID-19 global pandemic, National Electrical Annuity Plan office staff began to work remotely full-time as of March 19, 2020. A small team remains onsite daily to ensure that necessary processes are completed and to process documents received to the office as needed.
We are committed to providing continuous service to all of our participants, retirees, employers, IBEW local unions and NECA Chapters through these difficult times. Our staff will still be available to assist you by phone and email Monday through Friday from 8:00am to 5:00pm EST. Please note that you can also register for the Online Benefits Portal to easily and securely change your address, view your quarterly statement, retrieve your 1099, or ask a question online. We sincerely appreciate your patience and understanding regarding potential delays that may occur due to the current extenuating circumstances of operation.
We also want to reassure our participants, retirees, and beneficiaries that we will continue to process all correspondence; however, anything sent in the mail or by fax may be delayed while we are operating remotely.
The NEAP Trustees will continue to monitor this situation daily and are prepared to adapt our operations as necessary to ensure continuous service while protecting the health and safety of our staff. We hope that you remain safe and well during this pandemic.
Over the last few weeks there has been increased uncertainty and significant volatility in the markets, as the coronavirus (COVID-19) has led to a disruption in the global economy. That being said, NEAP’s Life Stage Funds investment program has been designed with guidance from NEAP’s expert professional investment advisors and asset managers to have a long-term investment focus, and is intended to address the needs of most NEAP participants throughout their working careers into retirement.
The asset allocation of each of the program’s age-based Life Stage Funds is diversified across a number of asset classes and structured to automatically become more conservative as participants approach retirement years, with an increasing focus on the protection of principal.
We want to assure participants and beneficiaries that NEAP is monitoring the fund’s investment program closely with its fiduciary investment professionals and expert advisors. As always, the health and retirement security of NEAP participants are our top concerns.
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