2. H Tepfer - Pension - I.B.E.W. Trust Funds 103

Pension Plan

All about your pension benefits

? What "type" of Plan is this? ? What will my benefit be? ? When should I apply for benefits? ? What choices will I have when I retire?

What "type" of plan is this?

? The "Electrical Workers' Pension Fund, Local 103, I.B.E.W." (that's the formal name) is a "Defined Benefit" type of plan

? The amount you receive depends on

? The formula that is used (the "multiplier") ? How many years of service you have ? When you retire (what age)

? Note: there's nothing about "investment return" in this type of plan

$12.00

$10.00

$8.00

$6.00

$4.00

$2.00

$0.00

History of the hourly pension contribution rate

1957 1959 1961 1963 1965 1967 1968 1970 1972 1974 1976 1978 1979 1981 1983 1985 1987 1989 1990 1992 1994 1996 1998 2000 2001 2003 2005 2007 2009 2011 2012 2014 2016

$10.03

This is our pension

? I.B.E.W. Local 103 Trustees

? 3 Union & 3 Management

? Managed/Administered by the Fund Office ? Different than the NEBF pension

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