National Electrical Benefit Fund
multiemployer plan · IBEW & NECA · Washington, DC
ACTIVEPBGC Covered
D
Pension Health Score
47/100
Funding Status58% Funded
0%80% threshold100%
$15.7B
Total Assets
$27.1B
Total Liabilities
$11.4B
Unfunded Liability
564,792
Participants
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 |