It’s that time of the year again. The results of the Special Called Meeting are now posted on For a quick glance at your benefits and what will be in effect May 1, 2024, check out your Benefits at a Glance. Click here to read your Benefits at a Glance.

Thank you to all the members who came out to vote at the Special Called Meeting. As members of IBEW Local 353 you voted to continue:

  • to provide benefit coverage for out-of-work members, and
  • to provide coverage for retiree travel insurance for another year.

You also approved the following pension and benefit plan changes:

  • Reduced the current $0.56 hourly contribution rate that does not earn pension to $0.00. All contributions to the pension plan will earn pension starting the May 2024 work month.
  • Increased the hourly pension contribution rate by $0.26 per hour (maximum allowable by law) to $9.53 per hour.
  • Increased the laser eye surgery/refractive lens exchange coverage from the $2,000 per eye to a lifetime maximum of $3,000 per eye.
  • Increased the annual combined mental wellness maximum benefit of $2,500 to an annual maximum of $3,000.
  • Increased the amount covered for drug dispensing fees from $6.50 per prescription to $8.00 per prescription.
  • Effective September 1, 2024, introduce a standard generic drug program with the ability to have the doctor write “no substitution” should the patient require the brand name. If you have a concern about taking a generic drug, please discuss it with your doctor or pharmacist before September 1, 2024.
  • Benefits hourly rate is $4.58.

As a member of the IBEW Local 353, you will interact with your benefit and pension plans at different stops on your journey through your career. Review this member roadmap and see how TEIBAS and your IBEW Local 353 Benefit & Pension Plans helps you navigate through life. Click here to read the TEIBAS Member Roadmap.

Your pension and benefit plans are there for you and your family when you need them most. Your benefit and pension booklets are being updated to reflect the May 1st changes and will be posted to and when ready. Be pension and benefit savvy – always keep in touch with TEIBAS and let us know if you have changes to your address, beneficiaries, or dependants.