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Local 825's Vacation Savings Benefit
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Save for any reason, big or small
You can use the Vacation Savings Benefit to help save toward everything -- from year-end expenses, to a vacation, to a college education.
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Your employer makes contributions to the Welfare Fund for work periods between October 1 of one year through September 30 of the following year.
These contributions are accumulated in an account in your name within the Fund and invested in a pool. On or before the first week of December, participants receive accumulated contributions, adjusted for investment gains or losses and administrative expenses. Note: Vacation Savings Benefit contributions for work performed prior to September 30, which are received by the Funds Office following the annual distribution, are paid monthly.
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For more information
Call the Funds Office at (973) 671-6800.
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