In 1928, what was the monthly contribution per IBEW member to finance the pension plan?

• A. 19 cents
• B. 37 cents
• C. 50 cents
• D. 1 dollar

Answer: (B)

This question tests how early union pension funds were financed and, specifically, how much a member was asked to contribute each month. In 1928, the IBEW funded the pension plan with a small, steady deduction from each member’s dues, set at 37 cents per month. That amount was chosen to be affordable for workers at the time while still building a real fund for future retirees. It reflects the era’s approach of starting with modest contributions to establish retirement security without placing too large a burden on members. The other figures would imply a notably different level of funding and affordability, which isn’t aligned with the historical record of this plan.