The Joint Industry Board of the Electrical Industry: Serving IBEW Local Union No. 3 Members and Their Employers Since 1943

Additional Security Benefits Plan

The Additional Security Benefits Plan, sometimes referred to as the “B” Fund, provides supplemental benefits under certain circumstances to participants with existing accounts. The overview below provides highlights of the plan. Note: All supplement benefits are payable to the extent the funds are available in the member’s account.

Benefit Types (and Supplemental Income Paid from Your Account)

Unemployment: Up to $777 per week
Workers' Compensation: Up to $400 per week ($650 if not covered by E.E.S.I.S.P.)
Disability: Up to $400 per week ($650 if not covered by E.E.S.I.S.P.)
Economic Assistance: The Plan will authorize payment for certain non-reimbursed medical-related expenses
Financial Assistance/Residence: The Plan will authorize payment for certain delinquent mortgage or rent payments
Holiday: Up to a maximum of $417 per day, which varies by division
Vacation: Up to a maximum of $3,236, which varies by division
Death: Up to $ 2,000 per month paid to your beneficiary
College Tuition: Up to a net of $10,000 per semester, for each child until they reach age 25, or age 30 for post-graduate tuition
Non-College Private School Tuition: Up to a net of $10,000 per school year, for each child until they reach age 25, or age 30 for post-graduate tuition
Jury Duty: Up to $200 per day for each day served for those not eligible for the Educational and Cultural Trust Fund benefit
Funeral Leave: Up to a maximum of $2,589
Adoption Expenses: Up to a maximum of $10,000 once the legal adoption of a child under the age of 18 has been complete
Child Care: Up to a net of $10,000 annually per child