Suspension or Termination of a Benefit
If you are receiving a Retirement Benefit and return to work in the electrical industry, your benefit may be suspended. If you are receiving a Disability Benefit and return to any type of work, your benefit will be terminated.
Suspension of a Retirement Benefit
Your Retirement Benefit may be suspended for any calendar month you work 40 or more hours in the electrical industry.
Effective January 1, 2008 - The temporary Return to Work Amendment to the Plan of Benefits for the NEBF has been extended. Click here to view an important notice concerning this temporary Return to Work Amendment.
In order for a retiree to return to work under this temporary amendment, a retiree must complete the second page of this letter and return it to the NEBF.
May I Return to Work and Still Receive a Retirement Benefit?
Your Retirement Benefit will not be suspended if you return to work in the electrical industry and:
-
You are working less than 40 hours in a calendar month, or
-
You are working as an instructor in an IBEW/NECA apprenticeship program where such instructors are not covered by NEBF, or
-
You are working as an electrical inspector for a governmental authority where such inspectors are not covered by NEBF.
|
Effective January 1, 2008 - Extension of the Temporary Return to Work Amendment
The Trustees of the National Electrical Benefit Fund (NEBF) and the National Employees Benefit Board have approved an extension to the temporary Return to Work Amendment to the Plan of Benefits for the NEBF that permits certain eligible retirees to return to covered and contributory employment for a period of time without a loss of pension benefits from the NEBF. Click here to view an important notice concerning this temporary Return to Work Amendment.
In order for a retiree to return to work under this temporary amendment, a retiree must complete the second page of this letter and return it to the NEBF.
What Do I Need to Do When I Return to Work?
When you return to work in the electrical industry, you must notify NEBF. Failure to notify NEBF of your return to work in the electrical industry may result in an overpayment of benefits. You will be required to return any overpayment you receive to NEBF.
What Do I Need to Do When I Stop Working?
When you stop working in the electrical industry, it is your responsibility to notify NEBF in writing so that you may resume receiving your benefit.
Once you begin receiving a benefit, any hours of Covered Employment performed prior to your Effective Date cannot be used toward any additional Pension Credits. However, you may be entitled to additional Pension Credits if:
-
Your return to work is in Covered Employment, and
-
You meet the 1,000 hour requirement to earn a Pension Credit.
|
Termination of a Disability Benefit
If you are receiving a Disability Benefit and return to any type of work, your benefit will be terminated.
Unlike a Retirement Benefit that allows you to work less than 40 hours in a calendar month in the electrical industry, you cannot work at all when receiving a Disability Benefit.
Failure to notify NEBF of your return to work may result in an overpayment of benefits. You will be required to return any overpayment you receive to NEBF.
Why Would My Disability Benefit Be Terminated?
Your Disability Benefit would generally be terminated if:
-
You are employed at any job, or
-
You are no longer receiving a Social Security Disability Benefit, or
-
You are no longer considered Totally Disabled by the Trustees.
|
However, you may re-apply for any NEBF benefit type when you are again eligible.
What Happens If My Social Security Disability Benefit Changes?
If your Disability Benefit with the Social Security Administration should change, you must immediately notify NEBF in writing and submit any documentation of the change.
NEBF will periodically review your file. Your Disability Benefit will continue if you are still Totally Disabled and receiving a Social Security Disability Benefit, but will end if you are no longer Totally Disabled. However, you may re-apply for any NEBF benefit type when you are again eligible.
What Do I Need to Do When I Return to Work?
When you return to any type of work, you must notify NEBF. Failure to notify NEBF of your return to work may result in an overpayment of benefits. You will be required to return any overpayment you receive to NEBF.
|