The Vacation Plan, composed of an accumulation of vacation deductions from the employees pay, was agreed upon as a result of the Collective Bargaining Agreement between the Unions of the United Brotherhood of Carpenters and Joiners of America and signatory Employers. A copy of the Agreement may be obtained from the Plan Administrator upon request. The funding medium is a trust fund which was established on May 1st, 1969 and was effective as of that date.

The New Jersey Carpenters Vacation Fund is administered by a joint Board of Trustees consisting of an equal number of employee-designated trustees and employer-designated trustees. The Trustees may amend or modify the Vacation Plan at any time. An Executive Finance Committee, which consists of Employee and Employer designated Trustees, functions between meetings of the Board of Trustees. The Trustees are responsible for the administration of the Vacation Plan and their decisions are final. George R. Laufenberg is the Administrative Manager of the Plan. The Plan’s fiscal year ends December 31st.