When Benefits are Paid
Effective January 1, 2024, the sums credited to each Vacation/Holiday account are distributed monthly through the OE Credit Union.
Monthly vacation payments will be deposited on or before the 15th of each month.
Participants may elect to opt out direct deposit by contacting the Trust Fund Office, completing all applicable forms, and satisfying any related requirements.
How Benefits are Paid
Accessing Your Vacation Payment
Accessing Your Vacation Payment (Spanish)
Payments in the Event of Death
Each Participant entitled to benefits under the Plan should file a Beneficiary designation. The individual designated as Beneficiary will be the person to whom benefits will be paid in the event of a Participant’s death.
If the Participant has not named a Beneficiary or if the designated Beneficiary is deceased or cannot be located, the benefits will be paid to the person or persons entitled to the benefits under the law.
Overpayments
The Board of Trustees is obligated to recoup and recover any overpayments or payments otherwise incorrectly made to you or your beneficiary or any other parties. In doing so, it has the discretion to pursue whatever legal means are available to it, including offsetting your future benefit payments from the Plan.
