This is the second of our pension plans that is separate from IBEW Local 7 pension and is paid into through your International Dues payment. A portion of your monthly dues goes towards this pension. For every year of service as an IBEW Local 7 member you will receive $5.50. For example if you were a member for thirty years you would receive $165.00 every month at your retirement, just for having been an IBEW member. This is the smallest of the retirement plans. This is a benefit of belonging to the IBEW International Union.