The National Electrical Annuity Plan (NEAP) is another savings tool to prepare you for retirement. While your pension plan promises a stable steady monthly income, this account has room for growth. Your individual account grows with contributions and earnings from investments and is another layer of financial security as you get older.

How it works

The National Electrical Annuity Plan (NEAP) is a defined contribution plan that provides retirement and related benefits to employees in the electrical industry. Participants are assigned an Individual Account. The balance of a Participant’s Individual Account is the total amount of contributions received and adjustments due to NEAP’s investment performance. A Participant’s benefit amount is based upon the balance in the Participant’s Individual Account at the time the application is approved.

For more information, contact us or visit https://www.nebf.com/neap/.