Other Benefits
The Plan provides life insurance and accidental death and dismemberment insurance through Lincoln Life. The summary and chart below does not explain all benefits, exclusions, or limitations. For a complete explanation, please refer to Lincoln Life’s Certificate of Group Insurance.
LIFE INSURANCE
EMPLOYEE LIFE INSURANCE
Active employees ………………………………………………………………………….. $10,000
Retired employees …………………………………………………………………………… $2,000
DEPENDENT LIFE INSURANCE
Spouse or domestic partner of an active employee (through spouse’s or domestic partner’s age 70 only) ………………………. $5,000
Spouse or domestic partner of a retired employee (through spouse’s or domestic partner’s age 99 only) ………………………. $1,000
Dependent child of an active employee, age:
14 days to 6 months ………………………………………………………………….. $500
6 months to 21 years ………………………………………………………………. $5,000
21 years to 25 years, if a full-time student ………………………………. $5,000
21 years & older, if physically or mentally disabled …………………. $5,000
ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE
Active Employees
| Loss | Common Carrier Accident | Other Covered Accident |
| Loss of Life | $20,000 | $10,000 |
|
Loss of One Member (Hand, Foot or Eye) |
$10,000 | $5,000 |
| Loss of 2 or More Members | $20,000 | $10,000 |
Retirees
| Loss | Common Carrier Accident | Other Covered Accident |
| Loss of Life | $4,000 | $2,000 |
| Loss of One Member (Hand, Foot or Eye) | $2,000 | $1,000 |
| Loss of 2 or More Members | $4,000 | $2,000 |
Vacation
Vacation contributions are based on the hours that you work, and are included by your employer along with their submission of monthly fringe benefits. All Vacation money that is received from employers is forwarded by the Trust office to the Operating Engineers Credit Union, and is credited to your specific Operating Engineers Credit Union account. You have access to your vacation funds according to the following schedule:
Month 1: Hours are worked.
Month 2: Employer calculates contributions and remits to Trust office.
Month 3: Trust office reconciles contributions and forwards vacation funds to Operating Engineers Credit Union. Contributions are posted to your individual credit union account by the Operating Engineers Credit Union by the 5th of the month or the next business day, if the 5th falls on the weekend.
Before you can access your vacation monies for the first time, you must complete and submit a membership application to the credit union. Once your application is completed, you will have access to your vacation account each month as it is available.