Vacation Savings Fund

Vacation Savings Benefits are paid to members whose contracts include this benefit. Vacation savings is an hourly amount paid to members by their employers and is included in their gross wages. This amount is taxed then deducted by the employer and forwarded to the Fund Office.

Payments received from employers January 1 through December 31, representing the work months of December through November, are accumulated for each member. At the end of the year all accounts are reconciled and the monies are paid out. The payout occurs the fourth Monday each January.

In accordance with the Fund Trust Agreement, contributions received for the work months of December 2016 through November 2017, will be paid on January 22, 2018. There are three ways to receive your Vacation Savings Benefit:

  1. By mail – Checks are sent automatically. You do not need to do anything. If you move, please make sure that the Fund Office has your current address before December 15th.
  2. Direct deposit – You may have your Vacation Savings Benefit deposited directly into your Credit Union savings account. Direct deposits will be credited on January 22, 2018. Contact MOE Credit Union for more information on direct deposit.
  3. Pick up in person – If you wish to pick up your vacation savings check, you must submit a request to the Fund Office no later than January 5, 2018. You may pick up your check beginning on Wednesday January 24, 2018 between the hours of 8:00 a.m. until 5:00 p.m. (Monday through Friday). You must have two forms of identification including at least one form of a photo ID. Please note the member is the only person who may pick up a vacation savings check.

If you have any questions regarding your Vacation Savings, call the Fund Office at (708) 482-7300.

Each Year the Vacation Savings Fund has numerous Vacation Savings checks either not mailed or returned because of incomplete or old mailing addresses on file. To change your address, please visit My150 (www.my150.com) and click on ‘My PROFILE’.  Your updated address will be disseminated across all Local 150 organizations.

 

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Vacation Savings FundContact Information

Vacation Savings Fund

6150 Joliet Rd
Countryside, IL 60525
Tel: 708.482.7300
Fax: 708.482.3056

Accounting Department

Tel: 708.482.7300

Credit Union

Tel: 708.482.9606

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