National Electrical Benefit Fund
multiemployer plan · IBEW & NECA · Washington, DC
Funding History
What This Means for You
National Electrical Benefit Fund is significantly underfunded at 58%, with $11.4B in unfunded liabilities affecting 564,792 participants. Plans at this funding level face difficult choices: raising contributions substantially, reducing future benefit accruals, or in extreme cases, applying for benefit suspensions. If you are a participant, it is important to understand your options and consider diversifying your retirement income sources.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $15.7B | $27.1B | 58.0% | $1.0B |
| 2024 | $15.5B | $31.1B | 49.8% | $1.1B |
| 2023 | $14.9B | $29.3B | 50.9% | $1.1B |
| 2022 | $13.5B | $21.7B | 62.4% | $1.2B |
| 2021 | $13.2B | $22.0B | 60.0% | $1.0B |
Frequently Asked Questions
National Electrical Benefit Fund is 58% funded, meaning it has 58 cents in assets for every dollar in future benefit obligations. This is significantly underfunded and participants should monitor the situation closely.
National Electrical Benefit Fund has 564,792 total participants, including 275,283 active employees and 289,509 retirees currently receiving benefits.
Yes, National Electrical Benefit Fund is covered by the Pension Benefit Guaranty Corporation (PBGC), which provides a backstop if the plan cannot pay benefits. The PBGC risk level is currently "high."
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.