| Effective
January 1, 2003, the New Jersey Carpenters Vacation Fund will be part
of Jersey Trades Federal Credit Union.
You
will be receiving a Dues Authorization Card. By signing the card
your monthly dues will be paid directly to your local union out
of your vacation fund account.
Under
the new program, there will be two payouts per year - May 1st and
December 1st. In the initial year, prior to your May 1st vacation
payout, your local union will be contacted and your monthly dues
for the year 2003 will be deducted (if any outstanding balance).
Prior to the December 1st payout, the dues for the year 2004 will
be deducted from your payout.
Once
the Authorization Card is completed and returned to the Fund Office,
you will receive a membership packet from the credit union.
For those of you who currently do not participate in the Vacation
Fund (active and retired), a membership packet for the credit union
will be mailed to you shortly.
If you have any questions concerning this matter, please do not
hesitate to contact the Fund Office.
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