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Pension, Hospitalization and Benefit Plan – (fka VHUP)

Electrical Industry Joint Board logo and members.

The Pension, Hospitalization and Benefit Plan – (fka VHUP)  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.

Plan Overview

This information provides the highlights of the Plan.

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:

  • Your employer contributes to your individual account within the Plan
  • Your employer contributes to the pooled Fund benefits on your behalf

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

Vacation*

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.

Holiday*

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.

Supplementary Unemployment*

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.

Lump-Sum Payments

If you retire, die or withdraw from the Electrical Industry, any remaining balance in your account will be paid in a lump-sum.

Life Insurance

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 Mutual of Omaha.

*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 Information

Plan Name

Pension, Hospitalization and Benefit Plan - (fka VHUP)

Plan Identification Number

13-0891045

Plan Number

505

Plan Year

October 1 to September 30

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

Forms

Documents

Helpful Resources

Frequently Asked Questions

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  • What if I die and I did not complete or update a Mutual of Omaha Beneficiary Form?

    If you die without a valid Beneficiary Form for this benefit, your beneficiary will be named in the following order:

    • Your spouse, if any.
    • If there is no spouse, in equal shares to your children.
    • If there is no spouse or child, to your parents, equally or to the survivor.
    • If there is no spouse, child or parent, in equal shares to your brothers and sisters.
    • If none of the above survives, to your executors or administrators.

  • Is the Beneficiary Form for this benefit the same one that is used for the other plans?

    No. You must complete a separate Mutual of Omaha Beneficiary Form. This may be obtained by contacting the Members’ Records Department at (718) 591-2000, Extension 2491.

  • Am I eligible for the Life Insurance benefit after I retire?

    No. This benefit only applies to active, eligible participants.

  • What is the Accelerated Death Benefit?

    Accelerated death benefits are benefits offered to terminally ill participants who are in need of money. Any payments made under this benefit will be deducted from the Life Insurance benefit otherwise payable.

  • What is the Personal Loss Benefit?

    The Plan will pay a percentage of the principal sum ($50,000) for a Personal Loss suffered as a direct result of an accident if the loss occurs within 365 days of that accident.

  • 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.

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