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, 410K). 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

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

 

 

 

 

The information on this Web site presents selected highlights of the Joint Industry Board of the Electrical Industry Plans, Funds, and Programs. The actual Plan provisions for each Fund are in the legal Plan documents. In the event of a conflict between the wording on this site and the legal documents, the legal documents will govern. The Trustees of the Plans and the Joint Board reserve the right to amend, modify, or discontinue all or part of any Plan at any time. © 2006 Joint Industry Board of the Electrical Industry. All rights reserved.