Model your Local 145 pension, the national Pension Benefit Fund, your Annuity & Profit Sharing account, and personal Roth/traditional savings into one estimated monthly retirement income.
01
Timeline & assumptions
When you plan to retire and how the money grows.
Market scenarios — annual growth before retirement
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The three scenarios only change how your investment accounts grow before retirement. Your pension, PBF, and Social Security are fixed and do not move with the market.
02
Local 145 Pension Plan
The defined-benefit pension — a monthly check paid for life.
$
Use the single-life amount from your most recent annual pension statement or the Fund Office's projection.
$
Rates as of Aug 31, 2025: Inside $129, Teledata $58, Residential $63, past service $17. Your Teledata total is 9.8 credits. Projected credits = current + (credits/yr × years to retirement); a full year of covered hours earns about 1 credit. Adjust the rate as the fund updates it.
Adjustments
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Retiring before age 65 may reduce the benefit; set the per-year reduction if it applies. A joint & survivor option lowers your own check to a percentage of the single-life amount (e.g. ~88–92%). Leave both at 0% / 100% if unsure.
03
IBEW Pension Benefit Fund (PBF)
The national IBEW pension for “A” members — also paid for life.
$
The IBEW PBF pays a flat monthly amount per year of continuous good-standing “A” membership ($4.50/yr for members retiring 2007 or later). Verify your rate and years with your local.
04
Savings & investment accounts
Balances that grow now and get drawn down in retirement. Enter today's balance and what you add each year.
Pre-tax accounts — taxed as income when withdrawn
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$
$
$
$
$
Tax-free accounts — qualified withdrawals are tax-free
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$
$
$
05
Social Security & taxes
Illinois does not tax retirement income — only federal tax applies to the taxable portion.
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Illinois state tax on retirement income = 0%. Illinois exempts pensions, 401(k)/IRA distributions, and Social Security from its 4.95% income tax, with no age limit or cap. The federal effective rate is calculated from your taxable income using 2026 brackets and the standard deduction — it rises and falls with the market scenario, so the readout shows the Average case.
Estimated net monthly income
$0
$0 / year
after federal tax · Illinois exempt
Gross monthly$0
Federal tax $0
Illinois tax$0
Net monthly$0
By market scenario
Below
$0
pool $0
Average
$0
pool $0
Above
$0
pool $0
Net monthly income from all sources, after federal tax. Only the investment drawdown differs between scenarios; the breakdown below reflects the Average case.
Where it comes from
Local 145 Pension for life$0
IBEW PBF for life$0
Social Security for life$0
Pre-tax savings drawdownfrom pool$0
Roth savings drawdowntax-free$0
At retirement
Total investment pool$0
Pre-tax portion$0
Roth portion$0
Guaranteed lifetime income$0
Drawdown income for set years$0
Please read. This is a personal planning estimate, not an official benefit calculation or tax advice. Pension credit rates, early-retirement reductions, and survivor factors are plan-specific and change over time — confirm your actual figures with the NECA/IBEW Local 145 Fund Office (Moline, IL) and your Social Security estimate at ssa.gov. Investment returns are assumptions, not guarantees, and the drawdown method spends your savings evenly to zero over the years you set, while pension, PBF, and Social Security continue for life. For tax specifics, consult a licensed tax professional — the federal figure here is a simplified effective-rate estimate.