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The EIT Benefit Funds (EIT) has been in service to the electrical industry since 1930. 2020 marked the
90th anniversary of the Funds. The Electrical Insurance Trustees, as it was named and what we were known as for many years, was originally established to provide group life insurance and disability insurance for participants of I.B.E.W. Local Union No. 134. Over the years, through the dedicated service and commitment to serving the best interests of participants and their families by the various Board of Trustees participants (both Labor and Management), new plans for health and welfare benefits and pension benefits were created and new benefits were added to existing plans to provide participants with the best possible benefits given the resources that were available at the time.
EIT now administers plans that provide a full range of health and welfare benefits such as medical, dental, vision, prescription drug coverage, hearing, mental health, accident and sickness, life insurance, disability and unemployment benefits. Participants are eligible for these various benefits based on the terms of the collective bargaining agreement negotiated by the Local with the employer(s).
In addition to the many health and welfare benefits provided, EIT also administers various defined benefit pension plans and a defined contribution pension plan that participants participate in based on the terms of the collective bargaining agreement negotiated by the Local with the employer(s).
EIT, its Trustees and employees remain committed to serving the electrical industry in the many years to come by striving to fulfill our mission:
To enhance the quality of life for participants, their families and their beneficiaries by delivering retirement benefits, health care coverage, and related services as professionally, efficiently and cost-effectively as possible.
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