JYRM VACATION

Benefits are generally paid out as either a Holiday Benefit or as Vacation Benefits. These benefits are based on the after-tax amounts contributed on your behalf. The hours you work and the related contributions made in a Plan Year determine the amount of your Holiday Benefit and the amount of your available Vacation Benefits as follows:

Contributions on Hours Worked during a Plan Year (Oct. 1 – Sept. 30)	Holiday Benefit (paid out prior to Dec. 1 following Plan Year close)	Vacation Benefits (paid out by using vouchers during Jan. 1 – March 31 following Plan Year close)
300 or fewer hours worked	100% of contributions are paid out as a Holiday Benefit	No Vacation Benefit is available for use in period following Plan Year close
More than 300 hours worked	30% of contributions are paid out as a Holiday Benefit	70% of contributions may be used with vouchers for Vacation Benefits in 15-month period following Plan Year close

For additional information please see the Summary Plan Description for more detail.

It is your, the participant’s, responsibility to arrange with the employer absence from work for vacation during the Voucher Redemption Period. The time to be taken for vacation must be mutually agreed upon between you and the employer.

Vouchers for a vacation and seeking a related benefit payment must be submitted to your employer for authorization. Either you or your employer must forward a completed Voucher to the Fund Office.

The Vacation Vouchers are redeemed after the close of the Plan Year during a 15-month period running from January 1 through March 31.

Vacation Benefit payments are made by check on Tuesday and Thursday afternoons based upon the Vouchers submitted. Authorized Vacation Vouchers must be submitted by 4:30 p.m. on the day prior to receiving a Vacation Benefit check.

• • You may submit Vacation Vouchers to your employer for authorization and may then receive benefit payments up to four (4) weeks in advance through four (4) weeks following the vacation date(s).
• • Vacation Voucher forms received more than four (4) weeks prior to the vacation date(s) will not be processed until four (4) weeks prior to the vacation date(s).
• • Vacation Voucher forms received more than four (4) weeks after the vacation date(s) will be returned to the participant with no benefits paid due to untimely submittal of the verification forms.

You may choose to have your Vacation Benefit check delivered to you by your employer, mailed to your home address or deposited in your St. Paul Federal Credit Union account. You may not pick up your benefit check at the Fund address if you are actively employed.

Vacation Vouchers are categorized as either “Regular Vacation Day Vouchers” or an “Industry Time Off Voucher.” Vacation Vouchers are issued based upon hours worked in the Plan Year as follows:

Hours worked in a Plan Year (Oct. 1 – Sept. 30)	Regular Vacation Day Vouchers (RV Days) (single days)	Industry Time Off Voucher (ITO Days) (block of days)	Total Vacation Days
300 Hours or less (100% Holiday Pay)	0	0	0
301-600 Hours	4 RV Days	1 ITO Day	5 Days
601-900 Hours	8 RV Days	2 ITO Days	10 Days
901-1,200 Hours	12 RV Days	3 ITO Days	15 Days
1,201-1,500 Hours	16 RV Days	4 ITO Days	20 Days
Over 1,500 Hours	20 RV Days	5 ITO Days	25 Days

For additional information please see the Summary Plan Description for more detail.

The single Holiday Benefit check is mailed by the Fund Office and postmarked after the close of the Plan Year, but prior to December 1.

No. Vacation Vouchers will be mailed shortly after the Holiday checks are post marked.

Industry Recognized Holidays are:

• • New Year’s Day*
• • Thanksgiving Day
• • The Day after Thanksgiving Day
• • Memorial Day
• • Independence Day*
• • Christmas Eve**
• • Christmas Day**
• • Labor Day

*If this holiday falls on Saturday, Friday will be the Industry Recognized Holiday. If this holiday falls on Sunday, Monday will be the Industry Recognized Holiday.

***If this holiday falls on Saturday, Friday will be the Industry Recognized Holiday. If this holiday falls on Sunday, Monday will be the Industry Recognized Holiday.

Vacation Voucher forms may not be used for an Industry Recognized Holiday.

Mail:
1330 Conway Street
Suite 130
Saint Paul, MN 55106

E-mail:
[email protected]
Maximum 3 vouchers per page

Dropbox:
1330 Conway Street
Suite 130
Saint Paul, MN 55106
Dropbox is located on the right side of the door to Suite 130

If you die, the unpaid balance of your Accounts will be paid in a lump sum to your beneficiary.

1. The “From” date must have a different date on each voucher. If you submit more than one voucher and the same date is listed in the “From” box, it will not be accepted. No weekend dates or industry recognized Holidays will be processed.
2. The “Thru” date is only to be filled out for a voucher that is for more than 1 day (number of days is located in the “VAC/ENT” box).
3. “Mail Check to” one box must be marked on each voucher (home, employer, 110 Fed. CU).
4. “Date Verified” is the date the voucher was signed.
5. Each voucher must be signed in the (authorized signature) box or it will not be accepted. A voucher may be signed by the employee or the employer.
6. If you’re retired and are submitting vouchers, you must complete the above requirements (1-5) and write on each voucher “Retired”.

Any unused vacation at the end of the 15-month Voucher Redemption Period under consideration will be forfeited and may be used to cover the administrative expenses of the Plan

If engaging in electrical work during vacation time. Participants must take time off for vacation earned and shall not engage in the performance of electrical work during such vacation time.

Unemployed participants may submit vacation vouchers during a period of unemployment to the Fund Office. Unemployed participants using vacation must notify the Referral Office accordingly and will not be eligible for employment during the approved vacation period.

In special circumstances, including but not limited to extended unemployment, injury or death of a Participant, the Trustees may by resolution approve a method for Participants to donate vacation benefits. Please see Page 9 of the Summary Plan Description for more details.