NewsFeed
  • Service & Solidarity Spotlight: Versant Workers Secure Strong Contract Gains, Job Security
    July 12th - 3:57pm
  • Service & Solidarity Spotlight: Second Better Buzz Store in San Diego Votes to Join Union
    July 11th - 12:19pm
  • Worker Wins: A Shared Vision for the Future
    July 10th - 2:41pm
  • Service & Solidarity Spotlight: AFSCME Members Who Save Student’s Life Honored with Service Award
    July 10th - 2:33pm
  • Slow Down and Move Over: In the States Roundup
    July 9th - 1:20pm
  • Service & Solidarity Spotlight: UA Local 562 Helps Nonprofit Housing Partnership Better Serve Clients
    July 9th - 12:57pm
  • Economy Gains 206,000 Jobs in June, Unemployment Up Slightly to 4.1%
    July 8th - 1:08pm
  • Service & Solidarity Spotlight: Nurses Ratify New Contract with MyMichigan
    July 8th - 1:00pm
  • Happy Fourth of July: In the States Roundup
    July 3rd - 7:07pm
  • Service & Solidarity Spotlight: Michigan Kroger Workers Ratify New Contract
    July 3rd - 1:59pm

Organizing: Local 7 Pension


Every working person deserves to have a secure, guaranteed income when they choose to retire. You may have a 401(k) retirement plan, that you have to take money out of your paycheck to fund. The difference between an IBEW Local 7 pension, which is a defined benefit plan, and a 401(k) is how much in benefits you receive. A 401(k) is an account balance when it is depleted that is all that you will receive. With an IBEW Local 7 pension plan you have a number of options including a lump sum payment, monthly pension payment or a combination of both. This is another Benefit for Members of IBEW Local 7.