The PBF (Pension Benefit Fund) is available only to members of the IBEW and 379.

Retirement (PBF)

• How long does it take to vest in this retirement? 20 years to vest or 5 if you are 60 years old.
• Who pays for this benefit? When you pay your dues, part of this money pays for this retirement. This pension is based on years of membership.
• Who manages the plan? The International Brotherhood of Electrical Workers (Secretary Paul Nobels)
• Who gets this benefit? Only members and those who are members for 20 years or more.
• How much goes into your account? When you are a member and consistently stay a member, you are credited curtly credited $5.50 per year of service. This amount just went up in 2025 from $4.50. 
• Who invests the contributions that you make by paying dues? The International Brotherhood of Electrical Workers Secretary Paul Nobels.
• How do I know how much is contributed every month, and how much my benefit is worth? The IBEW Constitution states how much you contribute via union dues and how much is paid out.
• How does the PBF create an account for me? When you join the local union, you will fill out a form just for the PBF that creates an account for you at the International in Washington DC. Also included in that paperwork is your beneficiary, (who will receive your life insurance if you pass).
• When can I draw my PBF pension and how? You must be 65 years of age to apply for full pension, allow 30–60 days to process the paperwork and, when approved, you can not be working in the trade, except as a JATC Instructor or Electrical Inspector. You may apply for early pension if you meet the requirements at age 62.