An annuity is a financial product that provides regular payments, offering stability and security for retirement. It can be fixed or variable, with tax-deferred growth and flexible payout options.

A pension is a retirement plan providing regular income to retirees, funded by employer and employee contributions. It ensures financial security, stability, and peace of mind during retirement years.

IBEW welfare benefits include health insurance, retirement plans, paid leave, wellness programs, and more aimed at enhancing participant well-being, job satisfaction, and financial security.