Life/Accidental Death & Dismemberment Benefits
Life/Accidental Death & Dismemberment Benefits for Local 300 Participants and All Participants Who First Became Eligible on or after January 1, 2013: Life insurance and accidental death & dismemberment benefits are provided through an insured contract with Lincoln National Life Insurance Company.
|Accidental Death & Dismember Insurance||Benefit|
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.