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Important Retirement Information
Updated On: Jul 21, 2010 (15:06:00) Print or Save this ArticlePRINT/SAVE Email Article to FriendEMAIL

Summary Plan Descriptions for each of the following plans can be found under Benefit Plan Summaries in the left menu here at ibew48.com

Necessary paperwork requires a certain amount of time to complete. When you are getting ready to retire please remember the following:

IBEW PENSION - 62 years old with 20 years of consecutive IBEW membership or 65 years old with 5 years consecutive membership.  Contact the the Local Union office at least three months prior to your retirement date. You must pay working or non-working dues until you collect this pension. Kierstan (503) 256-4848 Ext. 224

NEBF PENSION - 60 yrs old = 18.5% deduction, 61 yrs old = 9.25% deduction, 62 no deduction if you have not been out of the field for over 7 years. Contact the Local Union office at least six months prior to your retirement date. Kierstan (503) 256-4848 Ext. 224  Click here for a Vesting Status Request form.
 
EDISON PENSION - Contact the Administration Office at least three months prior to your retirement date. (503) 282-5581

DISTRICT 9 PENSION - Contact the District 9 Pension office at William Earhart Co. one month after you stop working. (503) 221-1395


HEALTH & WELFARE COVERAGE:

Contact your specific plan prior to your retirement regarding coverage as a retiree.

Journeyman Wireman:  Harrison Health & Welfare, (503) 224-0048 Ext. 1679 or (800) 547-4457 Ext. 1679

Marine Journeyman:  IBEW Pacific Coast Health & Welfare, (800) 257-1515


LOCAL 48 DEATH BENEFIT PAYMENTS: 

Due to a January 1, 2010 Bylaws change, retired Local 48 members are no longer required to continue payment into the Local Union Death Benefit plan. Retirees will continue to be eligible for the benefit.



DEATH BENEFITS FOR BENEFICIARIES:

Upon the death of an active or retired member, the family or a representative should the Local Union office immediately for instructions regarding necessary documents required for payment of death benefit claims. (503) 256-4848

 






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