This report quantifies the economic, social and fiscal impacts of real estate investments that the National Electrical Benefit Fund and the National Electrical Annuity Plan made on behalf of electrical workers during the period of 2012 through 2020. The report shows that, in addition to earning profitable investment returns to provide a secure source of income for retired electrical workers, these real estate investments have played a vital role in sustaining the Plans’ financial security by creating opportunities for NECA contractors and jobs for IBEW members. Click here to view this report.
The U.S. equity market has experienced increased volatility and downward pressure this year after two consecutive years of noteworthy strong performance. The market volatility has been driven by investors becoming apprehensive over tariffs, inflation, economic growth, and uncertainty over the direction of government policy. However, some repricing is not unusual given the S&P 500 is coming off back-to-back calendar year returns of over 20% and stock valuations are not cheap. That said, the economy is holding up relatively well, and the bond market is positive year to date as bond investors have benefitted from falling rates. Thus, the bond market has provided positive investment diversification.
While stock market volatility can be unpleasant, such short-term fluctuations happen periodically over a longer-term investment horizon. To that end, we ask that you remember that NEAP’s Life Stage Funds are longer-term investments that have been designed to be appropriate for the age group covered by that particular fund. Please note that equity and bond markets have experienced volatility over time, both in positive and negative terms. However, over the longer term, both the equity and bond markets have rewarded their investors with positive overall performance.
Please note: For the safety and security of our staff, NEAP® will be allowing in-office visitors by appointment only. Please call our office at 301-556-4300 to schedule an appointment between the hours of 8:00am and 5:00pm.
This website is designed to provide educational information on the National Electrical Annuity Plan (NEAP®). It is not individualized and is not intended to serve as the primary or sole basis for your entitlement to pension benefits. This website cannot cover all of the details of the Plan; it is an overview. The Plan governs all questions concerning benefits, rights and responsibilities under the Plan. In the event of a conflict between the website and the Plan, the Plan will govern.
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