A Withdrawal Benefit is generally for participants who spent a relatively short time in covered employment and then left either covered employment or the electrical industry.

A Withdrawal Benefit allows an eligible participant to withdraw the entire balance of their individual account prior to qualifying for either a Disability Benefit or a Retirement Benefit. There are, however, very specific eligibility requirements that a participant must meet in order to be eligible for this type of benefit.

You are eligible to receive a Withdrawal Benefit when you meet the following requirements:

• You are vested, and
• You are no longer working in covered employment and have not worked in covered employment for at least 36 consecutive months, and
• You are less than age 55, and
• The contributions made to the balance of your individual account are $10,000 or less.

If you do not meet the above requirements, you will not be eligible to receive the balance of your individual account from NEAP^® until you meet them or meet the requirements for a Disability Benefit or a Retirement Benefit.

Your balance will continue to reflect NEAP's investment performance as long as it remains in NEAP. Remember that once you are Vested, you have a right to a benefit from NEAP. You cannot lose that right once you have earned it.

You can download a Withdrawal Benefit Application Package in the Online Benefits Portal.