I'm not a fan of these sort of things, where otherwise useless organisations (such as EA) try to make themselves more relevant.
I went to university with a guy who was working at Air Services Australia, and after we graduated he invited me to some lecturers/talks that were IEEE affiliated. He said that he's starting the process of becoming a chartered engineer (here in Aus/QLD), and needs to fulfill some criteria. Anyway, he said the whole point is for him to be promoted at work since that way he can sign off on projects, etc.