Summary Plan Description

Introduction

The Carpenters-Employers Vacation Plan is a savings-type account for carpenters who work for participating employers. Current bargaining agreements require employers to deduct $1.00 from your hourly wage for each compensable hour. Vacation Plan contributions are reported by your employer to Carpenters Trusts with your fringe benefit contributions. Once you are enrolled with Carpenters Trusts, the Vacation Plan will electronically transfer your contributions to Qualstar Credit Union. Once your contributions are transferred to Qualstar, they are available to you at any time.