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FAQ

The answers to frequently asked questions below are general in nature and do not modify the terms of their respective Plans. You should refer to the related Summary Plan Description for more specific information regarding each Fund's Plan.

Top Frequently Asked Questions

How do I notify the Fund of an address change?

You must keep the Fund advised if you move, otherwise valuable benefit information may not reach you. You can update your address directly on this site by going to your profile.  Even if you've notified your Union, your Employer or the International do not assume that the Annuity Fund has your current information.

Who is the Plan Administrator?

The Vacation Fund is administered jointly by a 4-person Board of Trustees made up of an equal number of Union and Employer appointees. The Trustees are not compensated for the performance of their duties and have the full power and authority to administer the Plan, construe the terms and provisions and to establish all Plan rules and regulations. The Trustees employ an Executive Director to perform all day to day administrative functions of the Plan, including employment of staff.

When was the Vacation Fund established?

The IATSE National Vacation Fund was initially established on October 23, 1973.

How do I know if I am a participant in the Plan?

If you are working for an Employer who is required to make contributions to this Plan pursuant to a Collective Bargaining Agreement with the International Union or an Affiliated Local, and contributions are received on your behalf then you are considered a participant of the Plan.

How is money credited to my Vacation Fund Account?

Each participant of this Plan has contributions credited to his/her account as contributions are received from their employers. The entire cost of the Vacation Fund is met by employer post tax contributions. Participants cannot make contributions to their account.

How is my account valued?

Each account is valued at the beginning of the year based on work actually performed in the prior calendar year. Your account balance consists of:


1. Contributions made on your behalf from employers for the prior calendar year received by the valuation date.

2. Any contribution(s) remaining in your account from the prior calendar year which was not included in the prior year’s check; plus (or minus).

3. Any adjustments for investment income and administrative expenses.

When are benefit checks issued?

As soon as practicable after May 1st of each year.

Is there a time limit within which the check must be cashed?

Yes. If you do not cash your check within 24 months, or if you haven’t given us your current address and we cannot locate you, checks issued and un-issued account balances will be forfeited.  We encourage you to have your check direct deposited to your bank so that it reaches you timely.  You can obtain the form on this website. 

Do I need to file an application for benefits?

No. Payments are automatically made each year to the last address on file at the Funds office. Do not assume if you changed your address with your Local Union or the International that the Fund Office has your current mailing address. It is important to notify us of any changes. Use this site to update your address, your beneficiary or complete a direct deposit form for fastest receipt.  

What information must be included on a remittance report?

A full list of the information required on a remittance report can be found in the Employer Contributions & Collections Guidebook, which can be found in the Forms section of this website. We encourage you to carefully read the requirements because incomplete reports will be rejected and may jeopardize benefit entitlement to your members/employees.

 


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