National Electrical Annuity Plan

Enriching the Lives of Everyone We Touch
NEAP

 
 
 
 

NEBF and NEAP Economic Impacts of Real Estate Investments

This report quantifies the economic, social and fiscal impacts of real estate investments that the National Electrical Benefit Fund and the National Electrical Annuity Plan made on behalf of electrical workers during the period of 2012 through 2020. The report shows that, in addition to earning profitable investment returns to provide a secure source of income for retired electrical workers, these real estate investments have played a vital role in sustaining the Plans’ financial security by creating opportunities for NECA contractors and jobs for IBEW members. Click here to view this report.

 

Market Update

Recently, stock and bond markets have each experienced a challenging calendar year as stubbornly high inflation has motivated the U.S. Federal Reserve Bank to incrementally raise interest rates to try to cool the U.S. economy. Unfortunately, rising interest rates often negatively impact the markets. To that end, we ask that you please remember that NEAP’s Life Stage Funds are longer term investments that have been designed to be appropriate for the age group covered by that particular fund. Please note that, historically, equity and bond markets have each experience volatility over time, both in positive and negative terms (for example, the markets had very strong performance in 2021, 2020 and 2019). However, over the long term, both the equity and bond markets have rewarded their investors with positive overall performance.

 

Welcome to the National Electrical Annuity Plan

 

This website is designed to provide educational information on the National Electrical Annuity Plan (NEAP). It is not individualized and is not intended to serve as the primary or sole basis for your entitlement to pension benefits. This website cannot cover all of the details of the Plan; it is an overview. The Plan governs all questions concerning benefits, rights and responsibilities under the Plan. In the event of a conflict between the website and the Plan, the Plan will govern.
 
There have been many changes to the Plan since it was established. Your benefit is generally based on the rules of the NEAP at the time you begin receiving a benefit. Therefore, before making any decision that could affect your rights or responsibilities under the Plan - such as a decision to retire - you should contact the NEAP office and ask about how the Plan applies to your situation. If you have any questions about the NEAP, you should contact the NEAP office.
 

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