N
NECA and IBEW reached an agreement in 1946 under which electrical contractors would contribute ? of gross wages for eligible employees into a new fund called ? .
1% / The National Electrical Benefit Fund (NEBF)
what 3 benefits does the NEBF provide
Disability Benefit
Pre-Retirement Spouse Benefit
Retirement Benefit
How many years of service required to be vested
5
Covered employers contribute ? of their covered employees’ ? .
3% / gross labor payroll
To be eligible for a Disability Benefit a participant must be ? and must have worked in covered employment sometime within ? years of becoming totally disabled.
totally disabled / 5
what four factors determine benefit amount
Age at retirement
The years of service with covered employers
Type of benefit selected
The pension rate at the time of retirement
This newly created fund is jointly sponsored by the ? and ? .
IBEW / NECA
NEBF is a(n) ? pension plan because it promises participants a specific monthly benefit at retirement.
defined benefit
how can we maintain our competitive advantage?
Constant work, diligent application, and sincere commitment
besides having SKILL, KNOWLEDGE, and RESPONSIBILITY a competent electrical work should also possess
Accountability
Maturity
Positive attitude
Once a participant becomes ? , the participant has a right to a benefit from NEBF and he or she cannot lose that right.
VESTED
How long does the responsibility of training apprentices last?
entire career
( Electrical workers are responsible for the proper instruction, supervision, and evaluation of apprentices)
If our industry is to grow and prosper, we must be willing to ? whenever possible and remain open to ? change.
improve / constructive
The current benefit rate is ? per benefit service credit.
$32
(if someone worked 40 years they would get $1280 per month)
four basic steps of quality instruction are?
Preparation
Presentation
Application
Follow-up
In the National Electrical Benefit Fund, the normal retirement age is ?
65 years old
NEBF provides retirement and related benefits to employees in the ? .
Electrical industry
NEBF provides a minimum disability benefit based on ? of service credits.
20 years
According to the NEBF's website under Fund History, the NEBF is the ? largest Taft-Hartley pension plan.
second
What has NJATC stood for historically?
National Joint Apprenticeship and Training Committee for the Electrical Industry
A participant may retire at ? with no reduction in benefits, provided that he or she is vested, retired from the electrical industry and has worked in covered employment for 300 or more hours in any of the seven calendar years immediately before his or her pension effective date.
62 years old
what makes up a true apprenticeship?
hands on, guided, on-the-job experience and related instructional training
one should always strive ? and maintain ? performance expectations.
to set a good example / the highest level of
What is the original NJATC name?
National Joint Apprenticeship Standards Committee
(name changed August 14, 1951)
List the six primary committee objectives that were identified in 1953 and led to the establishment of a national office for the NJATC.
Foundation and revision of the national standards
Promotion of local joint committees
Determination of the number of apprentices needed in the industry
Development of national curricula
Promotion of a national completion certificate
Establishment of a national office and staff