Ibew local 25 loan 2025

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The document outlines the loan procedure for I.B.E.W. Local 25's 401(k) Fund, detailing application requirements, eligibility criteria, loan amounts, interest rates, repayment terms, and consequences of default. It specifies that loans must be in writing, require spousal consent for married participants, and can range from $1,000 to a maximum of $50,000. The document also emphasizes the importance of timely repayments and the tax implications of defaults.

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2011	4.8 Satisfied (80 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Where is IBEW Local 25?

IBEW Local 25 is in Long Island, NY.

Can you borrow from a union pension?

Q. May I borrow against my pension Plan? A. Loans are available to any Plan Participant Alternative Payee or Beneficiary if your account balance is greater than $5,000 and your individual account has not been withdrawn or terminated.

How much does a local 25 IBEW employee make?

The average IBEW Local 25 salary ranges from approximately $63,758 per year (estimate) for an Electrician to $90,407 per year (estimate) for a Journeyman Electrician.

Can I cash out my IBEW pension?

Withdrawal Optional Until Age 70 1/2 You can elect to retire any time after reaching your normal or early retirement date and withdraw your individual account. You are not required to withdraw your balance until you reach age 70 1/2 regardless of whether you are retired under the DB Pension Plan.

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