Learn About:

Additional Security Benefits Plan

The Additional Security Benefits Plan, sometimes referred to as the “B” Fund, provides supplemental benefits under certain circumstances to participants with existing accounts. The overview below provides highlights of the plan. Complete details are available in the Summary Plan Description (PDF, 199K). Note: All supplement benefits are payable to the extent the funds are available in the member’s account.

Benefit Type Supplemental Income Paid from Your Account

Unemployment

Up to $777 per week

Workers' Compensation

Up to $400 per week ($650 if not covered by E.E.S.I.S.P.)

Disability

Up to $400 per week ($650 if not covered by E.E.S.I.S.P.)

Economic Assistance

The Plan will authorize payment for certain non-reimbursed medical-related expenses

Financial Assistance: Residence

The Plan will authorize payment for certain delinquent mortgage or rent payments

Holiday

Up to a maximum of $417 per day, which varies by division

Vacation

Up to a maximum of $3,236, which varies by division

Death

Up to $ 2,000 per month paid to your beneficiary

College Tuition

Up to a net of $10,000 per semester, for each child until they reach age 25, or age 30 for post-graduate tuition

Non-College Private School Tuition

Up to a net of $10,000 per school year, for each child until they reach age 25, or age 30 for post-graduate tuition

Jury Duty

Up to $200 per day for each day served for those not eligible for the Educational and Cultural Trust Fund benefit

Funeral Leave

Up to a maximum of $2,589

Adoption Expenses

Up to a maximum of $10,000 once the legal adoption of a child under the age of 18 has been completed

Child Care

Up to a net of $10,000 annually per child

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Plan Information
 

Plan Name

Additional Security Benefits Plan of the Electrical Industry

Plan Identification Number

11-2212659

Plan Number

506

Plan Year

October 1 through September 30

Type of Plan

This Plan is an employee welfare benefit plan

Plan Administrator

Joint Industry Board of the Electrical Industry

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