In what year did NECA and IBEW reach the agreement that created NEBF?

In what year did NECA and IBEW reach the agreement that created NEBF?

• A. 1936
• B. 1946
• C. 1956
• D. 1966

Answer: (B)

The main idea here is when a joint agreement between labor and management created an industry-wide retirement fund. The National Electrical Benefit Fund was formed through a 1946 agreement between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers. That year marks the establishment of a centralized, multiemployer pension fund designed to provide retirement and related benefits to electricians, funded by employer contributions based on hours worked. The other years don’t fit because the fund had not yet been created in those times, and it was set up in 1946 as the result of that partnership.

The main idea here is when a joint agreement between labor and management created an industry-wide retirement fund. The National Electrical Benefit Fund was formed through a 1946 agreement between the National Electrical Contractors Association and the International Brotherhood of Electrical Workers. That year marks the establishment of a centralized, multiemployer pension fund designed to provide retirement and related benefits to electricians, funded by employer contributions based on hours worked. The other years don’t fit because the fund had not yet been created in those times, and it was set up in 1946 as the result of that partnership.