The amount would vary by location, union, and how much was paid into your fund. I have 36 years in the trade and i am retiring at age 55 with a pension of 2900 with a 50% spousal option that brings my pension down to 2610. Our union doubles our pension from age 55 to 62 if you meet certain requirements, that I meet. This brings my retirement to 5510 gross dollars a month. I do have to pay federal tax out of this, but no FICA, state tax our union dues. We also have an annuity fund that I have been in from its inception in 1981. As of 2/1/2011 i have 510,000 in this fund. When I reach 62 the double pension will stop, but the NEBF and the international pension will start along with social security. The total retirement with all four sources will be about 5600 dollars plus any money taken out of the annuity. This amount is not the average pension a union electrician will make, but one who worked out of the north east with no lost time and at foreman and GF rate.
If you are of pensionable age (entitled to your pension) you should write to the union and ask how to claim your pension.
To collect pension benefits from your local union, contact your local union and ask them what the procedure is for applying for retirement from your particular union.
The number of union retirees receiving pensions varies depending on the specific union and pension plan. It is important to consult with the union's retirement benefits department or the pension plan administrators for the most accurate and up-to-date information.
A pension will be paid as long as the pensioner remains alive, and the pension fund is not bankrupt.
You can be a licensed electrician and not belong to the union.
It means that you will pay union wages. I highly recommend you DON'T join the union.
Yes, there is.
by seeing if you get checks with signatures from people in that union
$27.80
It depends on where you are located. In the Washington DC area a IBEW union journeyman electrician can make $74,000 (straight time) a year plus benefits.
A Union Electrician in St. Louis Mo. makes about $28.00 per hour plus $15.00 pr/hr benefits as residential wireman. About $32.00 pr/hr plus 15.00 pr/hr commercial electrician.
habla con su union rep .