Every electrician or telecommunications technician within the IBEW receives this pension. The National Electrical Benefit Fund (NEBF) [1] is a pension plan that is administrated by both, The International Brotherhood of Electrical Workers (IBEW) [2] and The National Electrical Contractors Association (NECA) [3], on a national level. This plan is based on years of service that goes towards your benefit. For every year of service you will receive $32.00. For example if you were a member for thirty years you would receive $960.00 per month at your retirement age.