What Happens to the Employer And 401 (k) Contributions Made on My Behalf When I Work in the Area of Other IBEW Unions?
If you work under a collective bargaining agreement in the jurisdiction of another IBEW Local Union, your Employer’s contributions to a defined contribution plan under that agreement will be made on your behalf to that Local Union’s fund. If that Local Union’s Fund is signatory to the Electrical Industry Reciprocal Agreement, if IBEW 6s Fund is your “Home Fund” and you execute a transfer authorization via the Electrical Reciprocal Transfer System (ERTS), the contributions that are reported to the other fund will be transferred to this Plan and be calculated as if you had worked in IBEW Local 6’s jurisdiction. Employee wage deferrals (401(k) contributions) elected pursuant to an IBEW 6 collective bargaining agreement will not be deducted from your wages while you are working in another jurisdiction unless you are working in another jurisdiction pursuant to the IBEW/NECA Employee Portablity Agreement.
Related Questions
- For the bandleader to be the employer and make contributions to the AFM-EPF on behalf of himself, must he be incorporated, a sole proprietorship, or a partnership?
- If I am a Traveler working in Local 6s jurisdiction, What Happens to the Employer and 401(k) Contributions made on my behalf?
- What happens to Employer contributions made on my behalf when I work in an area of a different IBEW Local Union?
