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Employer Electronic Contribution Reporting and Other Information
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What benefits are payable from the Vacation, Holiday and Unemployment Plan (VHUP)?
Vacation, holiday, furlough and unemployment benefits are payable from the VHUP provided you have a sufficient account balance. No other benefits can be paid from this plan.
Are taxes withheld from my benefits under the VHUP Plan?
Payroll, Federal, State and City taxes are withheld from the weekly employer contributions received by the Joint Industry Board. As a result, no taxes are withheld when you receive your benefits.
What is the Accidental Death Benefit?
The Plan will pay an Accidental Death Benefit of $50,000 (principal sum) to a participant's named beneficiary in the event a participant dies, while in an eligible classification, and the death was a direct result of a bodily injury suffered in an accident with such death occurring within 365 days after the accident. For more information about this benefit, please refer to the Certificate of Coverage and the Summary of Coverage.
The Vacation, Holiday and Unemployment Plan provides you with valuable supplementary benefits. All contributions to the Plan come from your employer, based on the collective bargaining agreement between the Union and your employer.
This information provides the highlights of the Vacation, Holiday and Unemployment Plan. Complete details are available in the Summary Plan Description (PDF, 183K).
Eligibility and Participation |
You’re in right away. If you are eligible, you automatically become a participant as of the first day that an employer contributes to the Plan on your behalf, based on your collective bargaining agreement. There are two types of participants:
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Employer Contributions |
Your employer makes all contributions. Employer contributions are specified by your collective bargaining agreement and are credited directly to your account or to the pooled Fund benefits. |
Vesting |
It’s always all yours. You have a fully vested, nonforfeitable right to your account balance as of your first day of participation in the Plan. |
Types of Benefits |
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You’ll get paid even when you are on vacation. Weekly vacation benefits vary from a minimum of $824 to a maximum of $2,189 for based on your classification. When you are subject to a Furlough Program, no vacation benefits are payable from the Plan. In order to be eligible for supplementary vacation benefits from the Plan, you must maintain a $2,000 account balance. |
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Get paid when you’re out for a holiday. Holiday benefits vary from a minimum of $68 to a maximum of $282 based on your classification. |
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Income when you’re out of work. Weekly supplementary unemployment benefits vary from a minimum of $208 to a maximum of $525 based on your classification. |
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If you retire, die or withdraw from the Electrical Industry, any remaining balance in your account will be paid in a lump-sum. |
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Eligible, active participants are entitled to a group life insurance benefit of up to $50,000 and an accidental death and personal loss benefit of up to $50,000. This benefit is provided through Aetna Insurance Company. |
*In the event you do not have sufficient funds in your Plan account, these benefits can be paid directly from your Additional Security Benefits Plan or Deferred Salary Plan account if you have sufficient funds in these accounts, based upon the applicable Plan’s rules.
Plan Name |
Vacation, Holiday and Unemployment Plan of the Electrical Industry |
Plan Identification Number |
13-1853892 |
Plan Number |
503 |
Plan Year |
January 1 to December 31 |
Type of Plan |
This is an employee welfare benefit plan designed to pay supplementary unemployment, vacation and holiday benefits. |
Plan Administrator |
Joint Industry Board of the Electrical Industry |
