NEBF is the second largest Taft-Hartley pension plan.

NEBF is the second largest Taft-Hartley pension plan.

• A. First
• B. Second
• C. Third
• D. Fourth

Answer: (B)

Taft-Hartley pension plans are multiemployer defined-benefit funds funded through employer contributions negotiated in collective bargaining. The National Electrical Benefit Fund (NEBF) serves workers in the electrical construction and maintenance trades and is one of the largest plans of this type. Its size—typically described as the second largest among Taft-Hartley pension plans—comes from a long history of contributions from a wide network of electrical contractors nationwide and decades of investment growth. In practice, assets under management and the number of contributing employers and participants drive these rankings, and NEBF consistently sits just behind the largest Taft-Hartley plan. That combination of broad coverage and substantial fund assets explains why the statement identifies NEBF as the second largest.

Taft-Hartley pension plans are multiemployer defined-benefit funds funded through employer contributions negotiated in collective bargaining. The National Electrical Benefit Fund (NEBF) serves workers in the electrical construction and maintenance trades and is one of the largest plans of this type. Its size—typically described as the second largest among Taft-Hartley pension plans—comes from a long history of contributions from a wide network of electrical contractors nationwide and decades of investment growth. In practice, assets under management and the number of contributing employers and participants drive these rankings, and NEBF consistently sits just behind the largest Taft-Hartley plan. That combination of broad coverage and substantial fund assets explains why the statement identifies NEBF as the second largest.