Life Events

Important Note:
Notwithstanding any information in these Life Events pages or embedded links, for retirements that are first in pay status on or after April 1, 2017, certain Defined Benefit Plan provisions are scheduled to change in accordance with the adoption of Alternative Schedules 1 or 2 under the Second Critical Status Rehabilitation Plan.

Birth of Dependent Child

The birth of a child should be a joyful event for your family. However, the realization that your child will be under your direct care for almost two decades can be a cause for stress. The planning and care begin even before your child is born, as soon as you know you are expecting. Although you will be busy with day-by-day adjustments to your life immediately after your child is born, you should start considering long range concerns for the future, including savings and college financing. Parents with more than one child also have decisions to make dealing with optimizing the use of family resources to provide for their aging, changing and growing family. At this time, your benefit plans become increasingly vital to your family's well being.

Plan Checklist

Items regarding the Health Plans apply only to participants in the Southern California IBEW-NECA Health Plans. However, if you participate in another electrician health plan, it is likely that similar considerations will apply.

  • You must complete a new Family Account Change Form as soon as possible after the birth. You must also include a copy of the birth certificate.
  • If you are enrolled in an HMO Plan, it is critical that you enroll your newborn within 30 days of birth. The HMO Plan does not automatically enroll newborns, and will not accept late enrollments.
  • You will want to review your designation of beneficiary for the Life Insurance (Active), DB and DC Pension Plans.
  • Review the rules for coordination of benefits. Coordination of benefits rules govern who will have the primary coverage for your child if both you and your spouse have group health coverage.
  • If you think you might be taking Family/Maternity/Paternity Leave you should take a look at the Family and medical Leave Act information, in the Active Health SPD to see how your benefits may be affected. The Family/Maternity/Paternity Leave also affects DB Divesting Service periods - see SPD link for more information.

Also Consider...

Planning Notes:

Financial planners recommend that when you have a child you should update a number of personal plans and documents. Here is a checklist of some items which you may need to update, revise, or consider: