About the Trusts

The Trust Funds

The Alaska Electrical Trust Funds (AETF) is a family four Taft-Hartley multiemployer plans. AETF provides health & welfare, pension, retirement savings/401(k) and legal benefits to International Brotherhood of Electrical Workers (IBEW) Local 1547 members working for over 150 participating employers in the electrical, telecommunications and related industries, including employers affiliated with the National Electrical Contractors Association (NECA) Alaska Chapter.

Alaska Electrical Health & Welfare and Fund

The Alaska Electrical Health & Welfare Plan provides comprehensive health coverage, including medical, dental, vision, life, and disability benefits, to active members, and a Health Reimbursement Arrangement to retired members through the Alaska Electrical Retiree Health Reimbursement Arrangement Plan, as well as assistance in paying for legal services, identity theft protection, and employee assistance program benefits through the Alaska Electrical Legal Plan.

The Health & Welfare and and Legal Plans are financed by contributions made by employers as specified in their Labor Agreements with Local 1547 and other special agreements, as well as and self-pay participants to the Legal Plan.

Over time, the Fund has adapted to the changing needs of our membership, adding new programs & services, and providing some of the most competitive coverage in Alaska.

The Alaska Electrical Legal Fund was merged with the Health & Welfare Fund effective January 1, 2026.

Alaska Electrical Pension & Retirement Savings Fund

Since 1968, when the IBEW Local 1547 members voted in the pension plan, the Pension Fund has grown to a total membership of approximately 7,800. The growth and financial stability of the Pension Trust have given us the opportunity to make plan improvements over the years to benefit members.

The Trustees introduced the Retirement Savings Plan in 1980 to complement the Pension Plan. Originally established as a money purchase pension plan, the Retirement Savings Plan converted to a defined contribution 401(k) plan in 2020. In addition to negotiated employer contributions, participants can save toward their own retirement through voluntary pre-tax and after-tax contributions. The Retirement Savings Plan offers a variety of investment options, allowing participants to choose investments from a portfolio of professionally managed investment funds.

The Pension and Retirement Savings Plan are funded by participating employers who are required to make monthly contributions for each participant according to the collective bargaining agreement with IBEW Local Union 1547 or special agreement.