Vacation Holiday Plan
Operating Engineers Vacation-Holiday Savings Trust
The Vacation-Holiday Trust was created in 1963 as a means to provide pay during vacations and holidays. It operates as a form of a savings account where each active member has an account that is credited with a fixed amount for each hour worked. Each member will receive an annual statement indicating the balance in his or her Vacation-Holiday Savings account. Distributions are made every December 1st, upon retirement or more frequently if requested by the member.
The Vacation-Holiday Savings Trust pays out approximately $25 million per year in benefits to working Local 12 members.
Enjoy your Vacation-Holiday checks!