Apply for a retirement or disability pension from NEBF by obtaining an application form and submitting it with the necessary documentation, reports the National Electric Benefit Fund. Choose a payment option when you apply. Maximum processing time is 90 days for retirement pensions and 45 days for disability pensions.Continue Reading
Download a Participant Pension Benefit Application from the NEBF website, advises the National Electric Benefit Fund. Alternatively, request an application from the NEBF office or a local union office. With your application, submit copies of your Social Security card and birth certificate or other verification of your age. If you are or were married, submit your marriage certificate or divorce decree along with the same documents for your present or former spouse. If you are disabled, send a copy of your Social Security disability award and proof you are presently receiving Social Security disability benefits.
If you are married, choose a payment option, instructs the National Electric Benefit Fund. The lifetime option means NEBF pays monthly benefits during your lifetime only, while the joint and survivor option pays reduced monthly benefits during your lifetime and the lifetime of your spouse. Single pension holders automatically receive lifetime payments. Once a pension holder begins receiving benefits, he cannot change the payment option. To expedite the application process, send required documents to the NEBF office for processing ahead of your pension application.Learn more about Financial Planning