The National Electrical Benefit Fund (NEBF) is a Taft-Hartley, multi-employer, defined-benefit pension plan. Founded in 1946, NEBF was created by the International Brotherhood of Electrical Workers and the National Electrical Contractors Association with the goal of forming a sound retirement plan to ensure the financial security of workers in the electrical industry across North America. Today, with more than $10 billion in net assets, NEBF ranks as the third largest Taft-Hartley pension fund in the U.S. This solid asset base delivers financial security for more than 80,000 retired beneficiaries today, and is a building block which will secure the retirement of future generations of workers in the electrical industry. NEBF currently pays more than $50 million per month to its beneficiaries, with more than 250,000 current plan participants expected to receive benefits upon retirement.
NEBF remains committed to equity and debt real estate investments, with an investment allocation of 20% of the Fund’s assets.
Despite turbulent economic times, NEBF’s financial position has proven to be remarkably resilient. NEBF was awarded and continues to maintain an investment-grade Long-Term Issuer Rating of A3 by Moody’s Investor Service.
Real estate has always been a key component of NEBF’s financial success. Beginning with simple mortgage and equity investments over its first few decades, NEBF’s in-house real estate investment program became National Real Estate Advisors on January 1, 2010. National now acts as a fiduciary committed to making and managing successful equity and debt real estate investments on behalf of NEBF and other clients. With an investment allocation of 20% of the Fund's assets, NEBF's real estate investments are managed primarily by National Real Estate Advisors.
Please visit NEBF’s website at www.nebf.com to learn more about the Fund’s history, mission and recent news.