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.

 

 

NEAP COVID-19 Update

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 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.

 

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.

I want to... *2021 Forms 1099-R now available           >> Access My Form 1099-R Windows 7 Internet Explorer is no longer supported. Please use Google Chrome or Windows 10 Internet Explorer to access your Form 1099-R. >> Apply for Benefits >> View My Quarterly Statement >> Access My Current Balance >> Change My Address >> Change My Beneficiary >> Find a Form >> Fax a Form or Document >> View Plan Documents >> See Life Stage Fund Data >> Contact the Plan Office