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 2009 through November 2010, will be paid on January 24, 2011. There are three ways to receive your Vacation Savings Benefit:
- By mail—Checks are sent automatically. You don’t need to do anything. If you move, please make sure that the Fund Office has your current address before December 13th.
- Direct deposit—You may have your Vacation Savings Benefit deposited directly into your Credit Union savings account. Direct deposits will be credited on January 24, 2011. Contact MOE Credit Union for more information on direct deposit.
- 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 3, 2011. You may pick up your check beginning on Wednesday January 26, 2011 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.
Each year the Vacation Savings Fund has numerous Vacation Savings checks either not mailed or returned because of imcomplete or old addresses on file. Please verify that the FUND OFFICE has a current address on file. Changing your address with a District Office may not necessarily correct your address with the Fund Office.
If you have any questions regarding your Vacation Savings, call the Fund Office at (708) 482-7300.
Have you collected all oF your vacation savings money?
Every year, for a variety of reasons, dozens of vacation savings checks go unclaimed. The Fund Office staff makes every attempt to get these unclaimed checks into the hands of the rightful owner. None the less, there are always some checks that we are not able to distribute. 
Click here to see if the Fund is holding any or your unclaimed money. If your name appears on this list please contact the Fund office at 708-482-7300 and ask for the Vacation Savings Department.