Medical Insurance As an apprentice or journeyman lineman, you’ll receive health insurance benefits for yourself and your dependent family, including health, dental and vision insurance. This insurance is provided 100% by the electrical industry and is not deducted from your paycheck. The health insurance plan provided allows you to see any doctor you wish, anywhere in the country. Retirement Plans In a time when most companies are cutting back on retirement benefits, the journeyman lineman profession offers two outstanding retirement benefits to ensure you and your family of a secure financial future. National Electrical Annuity Plan Under this plan, you will receive a retirement benefit of 15% to 25% of your gross pay, depending on your local union. This amount is paid by the electrical contractors and is not deducted from your paycheck. National Electrical Benefit Fund This multi-employer defined benefit plan provides monthly contributions of 3% of gross pay for electrical workers associated with participating local unions of the IBEW. Journeymen and apprentices receive the benefit as part of their compensation package when they work for a contributing employer. Vesting in the fund takes just five years. Your benefit is secure once you have earned five service credits. Generally, you earn one service credit a year.