Vacations Savings Plan at a glance
For you and your fellow workers, your Employer and Union have created the DuPage County Cement Masons’ Local No. 803 Vacation Savings Fund which provides vacation benefits.
The DuPage County Cement Masons’ Local No. 803 Vacation Savings Fund is maintained as a result of a collective bargaining agreement, sometimes referred to as a labor contract, between your Employer and the Union.
Your Vacation Savings Fund receives its money from Employer Contributions, on dates and in amounts called for by the labor contract negotiated with the Employer by your Union or by another written agreement calling for contributions to the Fund. An Individual Account is created in your name for these contributions. The Employer Contributions placed in your Individual Account are generally taxed to you during the year the Contributions are made.
The decisions on Plan operations and benefits are made by a Board of Trustees on which labor and management are equally represented.