What are the two types of credits required for NEBF pension eligibility upon retirement?

The correct answer highlights the two crucial components necessary for pension eligibility through the National Electrical Benefit Fund (NEBF) upon retirement: vesting service and pension credits.

Vesting service is the time credited for your work that contributes toward earning a pension. To qualify for a pension, an individual must accumulate a certain number of these service credits over their working years. The pension credits represent the actual financial commitments made on behalf of the employee by their employer towards the pension plan. Having both of these credits is essential; vesting service ensures that an individual is recognized for their time worked, while the pension credits confirm the financial contributions made to secure their pension benefits upon retirement.

Other options might mention related concepts, but they do not accurately isolate the two primary types of credits required by the NEBF for pension eligibility specifically. Understanding the distinct roles of vesting service and pension credits is fundamental for anyone involved in planning for retirement within the NEBF framework.