Summary Plan Description Table of Contents
Payment of SUB Fund Benefits
Benefit Amount
SUB Fund benefit amounts are determined by the Trustees and may be changed at any time in their sole discretion.
UNEMPLOYMENT -When you are unemployed, benefits are paid at the rate of $20 per day. Benefits are limited to 130 days per year and to 260 days for your lifetime.
JURY DUTY -When you miss work due to jury duty, the benefit amount is $50 per day, up to a maximum of 5 days in a calendar year.
HOLIDAYS –Benefits are not paid for holidays on which work is customarily not performed by electrical contractors in DuPage County.
REDUCTION FOR PART-TIME WORK -If your state unemployment compensation for a particular week is reduced due to the receipt of wages for less than full-time work, the normal SUB Fund benefit will be reduced by the same proportion that your state unemployment compensation was reduced.
COURT ACTION -The Plan contains provisions designed to protect SUB Fund benefits from any form of assignment or alienation, including subrogation (see “Non-Alienation of Benefits” on page 10). However, you should be aware that a court may choose to attach the benefits pursuant to an appropriate judgment which the Trustees may be required to honor.
WITHHOLDING TAX - Your SUB Fund benefits are considered taxable income for the year in which they are received. As required by Federal law, income taxes will be withheld and you will receive a W-2 form for Federal income tax reporting purposes.
SUSPENSION OF BENEFITS BY THE TRUSTEES - The Trustees may elect to suspend payment of all SUB Fund benefits under the Plan in their sole discretion.
Collecting Your Benefits
If your SUB Fund claim is approved, it will be processed within 7 business days.
The first payment you receive will be for all benefits due for days prior to the date of payment. If additional payments are due, they will be made weekly upon receipt of application and proof of unemployment benefits.
Exclusions and Limitations
No SUB Fund payments will be made for any period of time for which:
You do not meet the eligibility requirements described previously; or
SUB Fund benefit payments are suspended by the Trustees; or
The SUB Fund is terminated by the Trustees, or
You have exhausted the benefit limit.
If you receive a payment to which you were not entitled, your SUB Fund benefits will be suspended until the Plan has been repaid.