• SPD Table of Contents
  1. To All Participants and Beneficiaries
  2. About Your Plan
  3. Your Responsibilities as a Participant
  4. Funding & Participation
  5. Vacation Fund Benefits and Payment of Administrative Expenses
  6. Benefit Distributions
  7. Benefit Claims and Appeals Procedure
  8. General Matters Applicable to the Plan
  9. ERISA Information

Funding & Participation

Where does the money in the Vacation Fund come from?

The contributions to the Vacation Savings Fund come from Employers. Employees are not required, and are not permitted, to make additional contributions to the Vacation Savings Fund themselves. Employers contribute to the Fund specific amounts of money per hour paid as defined in applicable collective bargaining agreements or other written agreements requiring employer contributions to the Fund. Although you are taxed on the Employer Contributions made to the Plan, you have no right to any of these amounts other than through the payment of benefits under the Plan. You also may not enter into any agreement with your Employer to divert to you contributions required to be paid to the Fund.

Who participates in the Vacation Fund?

Any employee who performs work which requires contributions to the Fund under a collective bargaining agreement or other written agreement becomes a “Participant” in the Fund when an Employer Contribution is made on the employee’s behalf.

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