This message is to future explain the IBEW Local Union 379 Vacation Fund that was negotiated this year for the 2018 to 2021 contract.
As of January 1st, 2019, each person will be given their designated amount of money (by the contractor) per hour to fund your Vacation Account. This amount will be added to your hourly wage and deducted after tax’s to be put into an account that you open at Carolinas Telco Federal Credit Union. Each classifications amount will be different depending on their percentage of JW scale.
As of Jan 1st, 2019, the amounts are:
The funds will be added to the Board 63 check (that the contractor writes ever month) including Health and Welfare, Retirement, Working Assessments and now Vacation Fund.
This check is sent in from the Contractor you work for, once a month to Board 63. Board 63 will divide the check and send to the appropriate institutions by the 15th following the month worked.
You will have access to your Vacation Fund at any time with an ATM card. You can take out your money when funds are available or leave to build up for a Vacation, Christmas, or a Sunny Day fund.
Jan of 2020 the JW Vacation fund will increase from $.22 making the JW total amount $.52 per hour and all other classification will increase according to their perspective percentage.
If you have any question concerning the contract language, please email Scott Thrower at email@example.com
. If you have questions about the TELCO Credit Union account, please call 1-800-622-5305.
A package was sent to all who are working for IBEW 379 with information about TELCO, and the form that you will need to turn into the contractor your working for once your TELCO account is set up. If you did not receive a letter in the mail from the hall, you can get more information from our website (www.ibew379.org) under (IBEW 379 Vacation Fund) on the left.