The Annual Benefit Fund
provides vacation, holiday, sick leave, bereavement leave, training pay and jury duty.
The ITPEU Annual Benefit Plan is administered by a joint Board of Trustees consisting of Union representatives and Employer representatives. The Union and the Employers have equal representation on the Board. Communication to the Board should be addressed to:
Board of Trustees
ITPEU Annual Benefit Fund
c/o ERISA Systems
216 North Avenue East
Cranford, New Jersey 07016.
The telephone number is (908) 276-0800. The Plan's web site is www.ITPEUBenefits.org.
All contributions to the Plan are made by the Employers in accordance with collective bargaining agreements with the Industrial Technical and Professional Employees Union, AFL-CIO. The collective bargaining agreements generally require contributions to the Plan at fixed rates per hour. The Contract Administrator, upon written request, will advise you, or your beneficiaries, whether a particular Employer contributes to the Plan at a specific location.
Benefits are paid from the Plan assets, which are accumulated under the provisions of the collective bargaining agreements and the Agreement and Declaration of Trust Establishing the ITPEU Annual Benefit Fund. These assets are held in a trust fund for the sole purpose of providing benefits to eligible participants and covering reasonable administrative expenses.
The Plan's assets are managed and invested by the Board of Trustees of the ITPEU Annual Benefit Fund. The Plan's assets consist of cash and other interest bearing financial instruments. The cash and financial instruments are held in financial institutions designated by the Trustees.
Please visit www.ITPEUBenefits.com to learn more about this and other ITPEU benefit plans designed to serve union members and union member families.