Updated Allocation for:

Principal and Residential (Local 134)

Collective Bargaining Agreements

(Annuity / NEIB Information)

Start Date: Monday, December 30, 2024

CLICK HERE for the Annuity / NEIB Allocation update -

start date: December 30, 2024.

Pension Benefit Improvements

The Trustees of the National Electrical Benefit Fund (NEBF) and the National Employees Benefit Board have approved the following pension benefit improvements for the NEBF’s retirees and beneficiaries. 

First, the NEBF’s pension benefit multiplier will increase by $1.00 from $32.00 to $33.00, effective January 1, 2025. As such, participants with a pension effective date of January 1, 2025, or later, who have not incurred a “break in service”, will have their benefits computed based on $33.00 per month per benefit service credit. Minimum disability payments for vested participants, who become totally and permanently disabled on or after December 1, 2024, with a pension effective date of January 1, 2025, will be increased to $660.00 per month. 

Second, retirees and beneficiaries on our pension rolls as of December 31, 2024 will receive a one-time 13^th payment on or around November 1, 2025.

Finally, a new, optional benefit feature known as the National Electrical Individual Benefit (or “NEIB”) has been approved effective January 1, 2025. If adopted by local bargaining parties, the NEIB would provide participants with an additional monthly retirement benefit and more personal planning opportunities. This benefit feature will be funded by employer contributions of at least $0.50 per hour worked and provide participants with an additional monthly benefit equal to 1.5% of the contributions made on their behalf. The NEBF’s actuary projects that the NEIB will further improve the NEBF’s funded status over time. Optional, verbatim language for the NEIB is available upon request for any area choosing to participate.

Temporary Return to Work Amendment

The Trustees of the National Electrical Benefit Fund (NEBF) and the National Employees Benefit Board have approved a temporary Return to Work Amendment to the Plan of Benefits for the NEBF. This temporary amendment permits certain eligible retirees to return to covered and contributory employment for a period of time without a loss of pension benefits from the NEBF. 

The temporary amendment is for the period of January 1, 2025 through December 31, 2025. Please read the attached notice carefully as this amendment does not apply to all retirees or to all electrical employment.

Also, in an effort to assist participating JATCs with utilizing pre-age 65 retirees as instructors, the Trustees have approved pre-age 65 retirees with a pension effective date during calendar year 2024 to utilize this amendment as long as they are working as an instructor in a JATC where such instructors are contributed on.  As with the regular amendment, the JATC amendment also does not apply to retirees receiving a disability benefit. In addition to the normal procedure explained in the attached notice; the only additional requirement is that the individual must completely retire for one full month before returning as an instructor.

NEBF eligible retirees will receive a copy of the notice which will be mailed this month. 

Should you have any questions, please contact the NEBF at 301-556-4304.

EVENTS

NECA is thrilled to unveil the newly reimagined NECA Future Leaders Program! With a renewed focus on industry excellence, this program is crafted to inspire and elevate the next generation of leaders through comprehensive professional and personal growth opportunities. Activities are open to all electrical construction industry professionals employed by a NECA member company, Chapter or Industry Alliance Network partner.

Click here for updated information.

Click here for updated information(12/19/24).

CLICK HERE TO REGISTER

April 6-7, 2025

The Women in NECA Conference is dedicated to empowering women in the electrical construction industry. Designed as a space for connection, growth, and inspiration, this conference provides unparalleled peer-to-peer networking opportunities for women navigating a traditionally male-dominated field. Participants will engage in dynamic workshops and impactful general sessions that tackle critical topics such as power dynamics, effective negotiation strategies, and leadership development. Attendees will leave equipped with practical tools, actionable insights, and an expanded professional network to thrive in their careers.



Registration is now open!

Far from your typical meeting, NECA Now 2025 is a three-day Executive Leadership Conference focused on your professional and personal growth. This event will be held on April 7-9, 2025 in Hollywood, FL at The Diplomat Hotel. 

Registration is now open!

June 8-13, 2025

The CEO Advanced Leadership Seminar (CALS) is a comprehensive one-week professional development program designed for rising senior leaders. Expand your business acumen and refine your personal leadership skills with a custom-designed curriculum that will deepen your knowledge of business operations, show you practical methods to address challenges, and solve complex business problems. With MBA-level instruction, learn how electrical contracting industry issues relate to the global marketplace.



Learn More

E2E Summit

June 16, 2025 – June 18, 2025, Indianapolis, IN

E2E Summit is a unique and intimate event that offers executive-to-executive meetings tailored to meet the specific needs of your company.

Learn More

January 27-30, 2025

The MEP Innovation Conference is ready to share with you the most relevant information on new tools, software, technology, and processes to improve your productivity and profitability. Mark your calendars for January 27-30, 2025, and meet us in vibrant Los Angeles, CA, for an unmissable conference experience! This event will foster collaboration, facilitate the sharing of best practices, and drive collective progress towards the future of the industry.

Register Now

EDUCATION

NECA Business Development Information

NECA is updating its Business Development contact list for 2025! This list will be notified about Business Development resources, events and exclusive sessions. Please complete this short form and let NECA know the Business Development contact person(s) for your company. 

Complete Business Development Contact List Form >>

Document Crunch

Contractors who sign up for the service will have exclusive access to an ELECTRI-specific solution through Document Crunch’s innovative platform.

Watch Demo Video



If you have any questions, feel free to reach out to Nancy Sheehy at nsheehy@documentcrunch.com.

Sign Up for Access

ELECTRI Updates



  ELECTRI November Recap



New Research Projects Now Available on the ELECTRI Website!

ELECTRI is excited to share two new research projects designed to empower electrical contractors with valuable insights:

MEP Contractors and GCs: What is the Cost of Inexperience? – This study uncovers the financial impact of inexperience within construction teams and highlights strategies for mitigating risks and improving collaboration. Read more here.

Contract Benchmarking Analytics 2024: Document Crunch Report – Dive into the updated comprehensive analytics on contract trends, key clauses, and benchmarks to negotiate better agreements and protect your business. Learn more here.

Visit the ELECTRI website to explore these reports and discover how they can help your business succeed in a competitive industry. Click on the ELECTRI Research link below in the Quick Links to find all of ELECTRI's years of research.

Help ELECTRI build a contract database!

After a recent Council Room session, members of the ELECTRI Council suggested building a contract database so contractors can view contract clauses from other areas. All pricing, numbers, and competitive information will be redacted from each contract. The purpose is to see the contract language that is being used by different contractors across North America. This database will live on a hidden webpage on ELECTRI’s website, available only through a direct link sent to the Council. To contribute, please send your redacted contracts to Laura.Holmes@electri.org

New! ELECTRI’s AI Tool List

Looking to streamline your operations? ELECTRI has compiled a comprehensive AI Tool List to help contractors integrate AI tools for greater efficiency.

View the AI Tool List

ELECTRI November Webinar Recordings:

ELECTRI’s November Council Room focused on ELECTRI’s latest research, The Impact Megaprojects Have on Labor Markets. The discussion was led by Researcher Anthony Perrenoud, PhD, William H. McMurren Department Chair of Construction Management and Associate Professor at Boise State University. Anthony shares highlights from his research and answers questions on this popular topic. 

Access the Recording here.

A recent IT & Coffee session focused on cybersecurity and is led by Dr. James McGibney, Senior Director of Cybersecurity with Rosendin. Dr. McGibney shares valuable insights on how he protects Rosendin from cybersecurity attacks and best practices. He also touches on his company BullyVille, which seeks to help victims of online bullying.

Access the recording here.

Additional resources referenced in this session:

• How to Access your Home Router
• Main Cyber-Audits
• NIST
• ISO
• CMMC
• Company that provides Audit Guidance
• Link to Report Cyber Crimes
• Contact James at BullyVille

IMPORTANT REMINDERS:

• The ELECTRI Winter Council Meeting is filling up fast and there are very few rooms left at the La Quinta Resort. You can find all the meeting information here.

• Incentive Pay Research: We are still looking for participants for this important research. Participants will include construction professionals from electrical contracting companies and related industry partners. Your insights will contribute to developing strategies that can enhance the effectiveness of incentive pay in the industry. To fill out the survey, please Click Here.

ELECTRI International and American Apprenticeships Work have partnered to offer a national Project Management Apprenticeship program! The NECA/ELECTRI Project Management Apprenticeship provides aspiring electrical project managers with the technical expertise, leadership abilities, and business acumen needed to work on large-scale electrical projects successfully. Click Here for more information.

ELECTRI appreciates your assistance with this research. If you have any questions about the research, please contact Amanda Harbison, ELECTRI’s Director of Research, at Amanda@electri.org.

ELECTRI International Quick Links

ELECTRI Meetings     ELECTRI Research    Business Coaching  Council Room Sessions     Research Engagement Hub   PM Apprenticeship Program   ConTech & Coffee/IT & Coffee    Think Like A Leader

Construction Industry Alliance for Suicide Prevention

It is an unfortunate fact that construction has the highest rate of suicide of any industry in America. We lose about 53 out of every 100,000 members of our industry EVERY YEAR to suicide. We are four times the average of other industries. We have a crisis in construction and we need to do something about it. You can visit the Construction Industry Alliance for Suicide Prevention website and learn more. We urge all to take the pledge to STAND UP for suicide prevention and address it as a health and safety priority.

CLICK HERE FOR A "Stand Up for Suicide Prevention" Information Sheet.