Digest of

Nine Supplemental

Unemployment Benefit

Plans

Early 1963

l l l i l lN o . 1365

mmmd W irtz, Secretary

BUREAU OF LABOR STATISTICS

Ewan Clague, Commissioner

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Digest of

Nine Supplemental

Unemployment Benefit

Plans

Early 1963

Bulletin No. 1365

May 1963

UNITED STA TES DEPARTMENT OF LABOR

W. Willard Wirtz, Secretary

For sale by the Superintendent of Documents, U.S. Government Printing Office,

BUREAU OF LABOR STA TISTIC S

Ewan Clague, Commissioner

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Preface

This bulletin describes the principal features of 

nine supplemental unemployment benefit plans in effect 

in early 1963. While all of the plans were designed p rim arily to provide weekly supplements to State unemployment insurance benefits, most also provide other benefits 

such as moving allowances and separation pay. Six of the 

nine plans are believed to be representative of other SUB 

plans in the cement, glass, rubber, prim ary metals, fabricated m etal products, and automobile manufacturing industries. The other plans are the only ones known to be in 

effect in the apparel, construction, and water transportation industries.

This digest was prepared in response to the 

many inquiries which the Bureau receives concerning SUB 

plans, and as part of the Bureau* s continuing program of 

em ployee-benefit plan studies. The cooperation of the 

Labor Departm ents Office of W elfare and Pension Plans 

and of the companies and unions whose programs were 

summarized is gratefully acknowledged.

The digest was prepared by Dorothy R. Kittner, 

under the supervision of Donald M. Landay, in the Bureau*s 

Division of Industrial and Labor Relations, under the general direction of H. M. Douty, Assistant Commissioner for 

Wages and Industrial Relations.

111

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Contents

P age

Explanatory n o t e s ------ -------------------------------------------------------------------------------- 1

Supplemental unemployment benefit plans:

Pooled fund plans:

A m erican Can C o.— United Steelw orkers of A m erica ----------------------------- 4

A pparel and related industries, various em ployers and the

International Ladies* Garm ent W orkers* Union ------------------------------------- 7

F ord M otor C o.— International Union, United Autom obile, A erosp ace

and A gricu ltu ral Im plem ent W orkers of A m erica ---------------------------------- 9

Goodyear T ire and Rubber C o.— United Rubber, Cork, Linoleum and

P la stic W orkers of A m erica ---------------------------------------------------------------- 13

Ideal Cement Co.-—United Cement, Lim e and Gypsum W orkers

M aritim e Industry, various em ployers, Atlantic and Gulf Coasts—

National M aritim e Union of A m erica ---------------------------------------------------- 19

United States Steel C orp.— United Steelw orkers of A m erica ------------------- 21

Individual account plans:

Pittsburgh P late Glass C o.— United Glass and C eram ic W orkers

Plum bing Contractors A ssociation of the City of New York, Long 

Island and W estchester County, Inc.— United A ssociation of 

Journeymen and Apprentices of the Plum bing and P ip e Fitting 

Industry of the United States and Canada ---------------------------------------------- 24

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Digest of Nine Supplemental Unemployment

Benefit Plans, Early 1963

Introduction

This bulletin sum m arizes the m ajor provision s of nine supplem ental unem ploym ent benefit plans designed p rim a rily to provide w eekly supplements to 

State unemployment insurance benefits received by la id -o ff w orkers. These plans 

are of two types: "Individual account" and "pooled fund* " Under the "individual

account" plan, company contributions are credited to each em p loyee^ account and 

the benefits paid each em ployee are charged to his personal account. Any balance 

rem aining in his account is paid to the em ployee when his em ploym ent term inates. 

Under the "pooled fund" plan, benefits are paid from a fund to which the em ployer 

contributes; individual em ployees are credited with the tim e they have worked 

and charged with the tim e fo r which they draw benefits. These credits and 

charges are determ ined independently of company contributions, and term inated 

em ployees have no vested rights to such contributions. Unlike other em ployee 

benefit plans, SUB plans are not underwritten by com m ercial insurance c a rrie rs 

and they are en tirely em ployer financed.

O rigin ally, a supplem ental unemployment benefit was payable only to 

w orkers com pleting a 1-w eek waiting period, which usually coincided with the 

waiting period of the State unemployment insurance law. Today, som e plans r e ­

quire a waiting period only if it is required by the applicable State law. Some 

plans now also provide fo r supplementation of the earnings of w orkers who are 

em ployed fo r only part of a week and who are in eligib le fo r the State benefit. 

SUB plans m ay also provide separation pay, m oving allowance, or w eekly d is ­

ability benefits to la id -o ff w orkers. In addition, a few plans pay w eekly benefits to active w orkers who are tem p ora rily disabled and lum p-sum death benefits.

B rie f explanations of m ost of the term s used in the sum m ary outlines 

are given below. These digests n ecessa rily om it many features and adm inistra tive details em bodied in the agreem ents which govern their operation, and are 

thus, not intended fo r the use of claim ants.

Explanatory Notes

Benefits are those financed by supplemental unem ploym ent benefit funds. 

Excluded are allowances not paid from a SUB fund, such as extended la yoff pay 

(com m only provided in the aerospace industry), severance pay, and m oving a llo w ­

ances provided under other provision s of the co llective bargaining agreem ent.

W eekly unemployment benefits are paid to w orkers who have been 

laid off. A ll SUB plans must, by the definition used in this bulletin, in ­

clude this benefit. B enefits are payable to em ployees who do not w ork 

fo r their regu lar em ployer during a specified week and who are, th erefore, usually also eligib le fo r the State unem ploym ent insurance benefit. 

Under plans negotiated by the United Steelw orkers of A m erica , and the 

United Cement, L im e and Gypsum W orkers International Union, this benefit is also payable to la id -o ff em ployees who becom e disabled.

A short w orkw eek benefit is payable to w orkers em ployed by their 

regu lar em ployer fo r part, but not all, of a workweek.

1

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2

Separation pay is usually a lum p-sum allowance paid to w orkers who 

sever their em ploym ent relationship after an extended la yo ff or plant 

closing or under other circum stances.

M oving allowances are provided to com pensate la id -o ff w orkers in 

part fo r the expenses incurred when they accept an o ffer to w ork in 

another plant.

W eekly tem porary disab ility benefit fo r active w orkers is paid to an 

em ployee suffering a loss of incom e because of a tem porary illness or 

injury. This benefit is not provided disabled la id -o ff em ployees who m ay, 

under som e plans, collect their w eekly unem ploym ent benefit during a 

d isab ility period even though in eligib le fo r State unemployment in su rance benefits.

Death benefits are paid to the ben eficia ries of deceased w orkers, including those in la id -o ff status.

C redit units are used by "pooled fund" plans to determ ine the potential 

duration or w eekly amount of unemployment benefits. A w orker usually accrues 

units fo r the weeks that he receives pay, but a lim it is placed on the number 

that he m ay have to his credit at any one tim e. W hile the value of the unit r e ­

m ains fixed under some of the plans (1 credit unit equals 1 week of benefits), 

in others it va ries with the financial position of the fund. W idespread or longlasting layoffs m ay reduce the value of the credit units, pa rticu la rly fo r w orkers 

with short length of service, as shown in the sum m aries.

S ervice requirem ent is the amount of service a w orker must have to 

collect benefits. Although under m ost plans all w orkers participate, em ployees 

with less than 1 or 2 years of sen iority usually are in eligib le fo r benefits.

W aiting period is the period of unemployment due to la yoff or tem pora ry disab ility which must elapse before a benefit is paid. M ost plans do not 

pay an unemployment benefit during the firs t week of a la yoff in each benefit 

year. 1 This waiting period is sim ila r to the one required by nearly a ll State 

unemployment insurance laws; both are, th erefore, usually served sim ultaneously. 

Other plans requ ire a waiting period only if it is a requirem ent of the applicable 

State unemployment insurance law.

W eekly unemployment benefit

The basic benefit amount m ay either include or exclude State unem ploym ent benefits. If it excludes the State benefit, it is usually a 

uniform amount payable to a ll w orkers regard less of their wage rate. 

If it includes the State unemployment insurance benefit, it is expressed 

as a percent of the w orker*s straigh t-tim e w eekly wage; the amount payable to the w orker is the d ifferen ce between his basic benefit and his 

State unemployment insurance benefit. W idespread and long-lasting layoffs 

m ay, how ever, reduce the amount of payments under som e plans, as 

described in the digests.

Dependents1 allowances are paid each week in addition to the basic 

benefit amount.

1 The benefit year is usually determined by the "benefit year" in the applicable State unemployment insurance law.

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3

The m aximum duration is the total number of weeks a w orker m ay draw 

unemployment or disability benefits. The m axim um duration of unemployment 

benefits usually depends on both the number of units a w orker has to his credit 

and the financial position of the fund. When the fund's financial position is b elow a prescrib ed lev el, the value of the credit units usually declines, p articu ­

la rly fo r w orkers with short length of service, so that the m axim um duration 

is curtailed.

The short workw eek benefit which some plans pay to a w orker not com ­

pleting a fu ll week of work, is determ ined by m ultiplying a specified percentage 

of the w orker*s base hourly rate (which m ay include a co st-o f-livin g allowance) 

by the number of hours that the w orker does not w ork. Under som e plans, the 

percentage depends on the reason fo r scheduling the short workweek.

Plan adm inistration locates the responsibility fo r the day-to-day m anagement of the plan, such as determ ination of elig ib ility , se rvice crediting, in te rpretation of plan provision s, and processing applications.

Financial status of fund shows the total assets of the fund, the total benefit payments made by the fund, the total contributions m ade by the em ployer to 

the fund, and the number of em ployees covered by the plan, during the preceding 

year, as reported by the adm inistrator of the plan in the m ost recent annual 

financial rep ort (F orm D -2), filed with the Departm ent of L a b o r's O ffice of W e lfa re and Pension Plans. These data w ere excerpted from Exhibit B - l (item 11), 

Exhibit B -2 (item la and 8) and P a rt I (item 6B) of the D -2 report.

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Supplemental Unem ploym ent B enefit Plan of A m erican

Can C o.— United Steelw orkers of A m e rica

Type of plan: Pooled fund.

Benefits: W eekly unemployment benefit, short w orkw eek benefit, separation pay, m oving allowance. 1

C redit units: O ne-half unit accumulated fo r each week of pay and fo r 

each week of com pensable disability; m axim um — 52.

One unit cancelled fo r each week of unem ploym ent benefit, 

except only one-half unit cancelled if w eekly benefit amount 

is reduced because of earnings from other em ployers. A 

proportionate benefit is paid w orkers with few er credits 

than required fo r a fu ll w eek1 s benefit.

Weeks fo r which w orker receives "sh ort w orkw eek ben efit" 

do not affect number of units credited or cancelled.

W eekly unem ployment benefit—

S ervice req u irement:

2 years.

Waiting period: 1 week during each benefit year.

B asic benefit 

amount (including 

State UI benefits):

60 percent of b efo re-ta x wage (based on provision that 

regu lar benefit w ill be 24 tim es the w ork er’ s average 

straigh t-tim e hourly pay).

When the fund is less than 35 percent of m axim um f i ­

nancing, the w eekly benefit payment is reduced as follow s:

Dependents1

allowance:

Percent of maximum Percent reduction in weekly

financing benefit payment

25 and under 35 percent -------------------- 40

15 and under 25 percent -------------------- 70

Under 15 percent ------------------------------- No benefit payable

$1.50 fo r each dependent; m axim um — $ 6.

M axim um plan 

payment:

$37.50, excluding dependents’ allow ances, w hile receivin g 

State unemployment insurance benefits; $60, excluding d ependents* allowances, while not receivin g State unem ployment insurance benefits.

Maxim um duration: 52 weeks during each benefit year.

Weekly unemployment benefits are also payable to an employee who becomes disabled while on layoff and

after his weekly accident and sickness benefit coverage has ceased.

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Supplemental Unem ploym ent B enefit Plan of A m erican

Can C o.— United S teelw orkers of A m erica — Continued

Short workweek 

benefit—

S ervice req u irement:

2 years.

Amount: 100 percent of standard hourly wage rate, including costo f-livin g allowance, tim es the differen ce between the number of hours worked and 32 hours.

Separation pay— 

S ervice req u irement:

2 years.

When payable: If plant closes and w orker is not eligib le to retire.

Em ployee m ay elect to be placed on la yoff status; how ever, 

em ployee who rem ains on la yo ff status fo r m ore than 120 

days after plant closing fo rfeits right to separation pay.

Amount: Lum p-sum payment equivalent to w eekly unemployment 

benefits.

M oving allowance: Lum p-sum payment based on distance of m ove and m arital 

status as follow s:

Allowance1 for—

Miles between plant Single Married

locations employee employee

50 and under 100 ------------------------------- $55 $180

100 and under 300 ----------------------------- 75 220

300 and under 500 ----------------------------- 105 290

500 and under 1,000 -------------------------- 155 420

1,000 and over --------------------------------- 215 580

1 Amount reduced by any relocation allowance provided under

Federal or State law.

Company 

contribution— 

Maximum: 5 cents fo r each hour paid.

Maximum

financing:

Company contributes only amount required to m aintain the 

m oney in the fund at a le v e l determ ined each month by 

m ultiplying $3,200,000 by a fraction, the num erator of 

which is the average number of em ployees during the p r e ­

ceding 12-month period and the denom inator is the average 

number of em ployees during the 12-month period preceding 

July 1955, adjusted monthly to reflect the amount of w eekly 

benefits paid from the fund during the previous 12-month 

period, as follow s:

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Supplemental Unem ploym ent Benefit Plan of A m erican

Can C o,— United Steelw orkers of A m erica — Continued

Plan adm inistration:

The adjusted maximum funding for the month

If average weekly w ill be the following percentage of the

benefit was— maximum funding for such month

$16 and o v e r ---------------------------------- 100

$12 to $ 1 6 ..................... .................. 80

$8 to $ 1 2 ------------- -------- ----------------- 60

Under $8 — ............- ---------- ------------ 40

To m aintain fund's position at 35 percent of m axim um funding and th erefore avoid reduction of benefits, company w ill 

make additional contributions equal to the low er of ( 1) total 

amount of severance pay paid by plan since O ctober 1, 1962, 

or ( 2) total amount of severance pay paid during like period 

under co llective bargaining agreem ent in effect p rio r to 

O ctober 1, 1956,

Company only.

Financial status 

of fund as of 

Dec. 31, 1961:

Total assets -------------------------------------------------------------------------- $2,144,118

Total benefit payments in preceding y e a r ______ 1, 162, 062

Total contributions in preceding y e a r ------------------- 378, 811

Num ber of em ployees during year ------------- 14, 750

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Supplem entary Unemployment— Severance B enefits Fund, ILG W U , 

of Various E m ployers in the A pparel and Related Industries 

and the International Ladies* Garm ent W ork ers1 Union

7

Type of plan: Pooled fund.

Benefits: W eekly unem ploym ent benefit, separation pay. 1

W eekly unem ployment benefit—

S ervice req u irement:

(1) Continuous em ploym ent with the term inated em ployer 

in the two consecutive calendar quarters im m ediately p r e ­

ceding the quarter in which he ceases business; and ( 2) 

em ploym ent, not n ecessa rily continuous, with him in four 

of the eight calendar quarters im m ediately preceding the 

term inating quarter.

Waiting period:

Basic benefit 

amount (excluding 

State UI benefits):

None.

Based on average w eekly wage, as follow s:

Average weekly wage Weekly amount

Under $ 5 5 ....................... ...................... $12.50

$55 and under $ 6 5 ---------------------------- 15.00

$65 and under $ 7 5 ---------------------------- 17. 50

$75 and under $85 ---------------------------- 20.00

$85 and under $95 ---------------------------- 22. 50

$95 and o v e r---------------------------------- 25.00

Dependents*

allowance:

None.

Maxim um plan 

payment:

Same as basic benefit amount, see above.

Duration: Based on years of continuous service with the term inated 

em ployer as follow s:

Years of continuous Number of weekly

service payments

V 2 to 2 ................................. ............. 3

2 ----------- -------------....... -................ 6

3 ---------- ---------- — ........ -........... ---------- ---------- 9

4 —----------------- ------------------------- 12

5 ------ ------- .........- --------------- 15

6 ....................................- .............- 18

7 — ----- ------------------------------------- 21

8 ................... ................................ 24

9 -....................................... ................... 27

10 — ................................... ............... 30

1 1 ............................................. 33

1 2 ....................-.........-.......... 36

13 -....................... ................... -......... 39

14 ..— ....................................... 42

1 5 ..............-...........................— 45

16 and o v e r ---------------------------------- 48

1 Separation pay is payable to all eligible workers, but unemployment benefits are payable only for weeks of

unemployment during the year following the closing of the plant.

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Supplem entary Unemployment— Severance B enefits Fund, ILG W U ,

of Various E m ployers in the A pparel and Related Industries

and the International Ladies* Garm ent W orkers* Union— Continued

Separation pay— 

S ervice req u irement:

When payable: 

Amount:

Company

contribution:

Plan adm inistration:

Financial status 

of fund as of 

Dec. 31, 1961:

The m axim um number of w eekly payments shall not be 

reduced because of subsequent em ploym ent; how ever, an 

em ployee is not eligib le to rec eive benefits after the 52d 

week follow ing the date em ploym ent term inated.

(1) Continuous em ploym ent with the term inated em ployer 

in the two consecutive calendar quarters im m ediately p r e ­

ceding the quarter in which he ceases business; and ( 2) 

em ploym ent, not n ecessa rily continuous, with him in four 

of the eight calendar quarters im m ediately preceding the 

term ination quarter.

If em ployer goes out of business.

Based on years of continuous service with the term inated 

em ployer as follow s:

Shall be entitled to receive the following severance benefit

________________ if his average weekly wage is;________________

Years of

Under

$55.00

$55.00 $65.00 $75.00 $85.00 $95.00

continuous to to to to and

service $65.00 $75.00 $85.00 $95.00 over

llz to 2 ----------- $12.50 $15.00 $17.50 $20.00 $22.50 $25.00

2 ------------------ 25.00 30.00 35.00 40.00 45.00 50.00

3 ........ ...........- 37.50 45.00 52.50 60.00 67.50 75.00

4 ..................... 50.00 60.00 70.00 80.00 90.00 100.00

5 -------------------- 62.50 75.00 87.50 100.00 112.50 125.00

6 -------------------- 75.00 90.00 105.00 120.00 135.00 150.00

7 ..................... 87.50 105.00 122.50 140.00 157.50 175.00

8 ..................... 100.00 120.00 140.00 160.00 180.00 200.00

9 ...... ............ - 112.50 135.00 157.50 180.00 202.50 225.00

1 0 ................... 125.00 150.00 175.00 200.00 225.00 250.00

1 1 ................... 137.50 165.00 192.50 220.00 247. 50 275.00

1 2 ................... 150.00 180.00 210.00 240.00 270.00 300.00

1 3 ................... 162.50 195.00 227.50 260.00 292. 50 325.00

1 4 ................... 175.00 210.00 245.00 280.00 315.00 350.00

1 5 ------------------ 187.50 225.00 262.50 300.00 337.50 375.00

16 and o v e r ---- 200.00 240.00 280.00 320.00 360.00 400.00

O ne-half of 1 percent of payroll. 

Jointly: Companies and union.

Total assets -------------------------------------------------- $12, 679,482

Total benefit payments in preceding y e a r ------ 1,458, 305

Total contributions in preceding y e a r ------------ 4, 915, 653

Num ber of em ployees during y e a r --------- 386, 033

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Supplemental Unem ploym ent B enefit Plan of F ord M otor C o.— In te rnational Union, United Autom obile, A erosp ace and A gricu ltu ral

Im plem ent W orkers of A m erica

9

Type of plan: Pooled fund.

Benefits W eekly unemployment benefit, short w orkw eek benefit, separation pay, m oving allowance, and hospital, su rgical, and 

m edical benefits. 1

C redit units: O ne-half unit accumulated fo r each week of partial or fu ll 

pay; m axim um — 52.

One unit cancelled per week of unemployment benefit, ex ­

cept when the value of the fund, which is determ ined by 

dividing the m arket value of the assets in the fund by the 

number of active em ployees and la id -o ff em ployees with 

credit units, is less than $272 per w orker, the rate of 

credit unit cancellation is increased according to the s e ­

n iority of the la id -o ff w orker, as follow s:

Credit units cancelled if seniority of worker is—

Value of fund per worker for 1 to 5

week benefit is payable years

$243. 20 and under $272.00 — 1.11

$214. 40 and under $243. 20 — 1.25

$185.60 and under $214.40 — 1.43

$156. 80 and under $185. 60 ---- 1. 67

$128.00 and under $156.80 ---- 2.00

$99. 20 and under $128.00 ------ 2. 50

$70.40 and under $99. 20 -------- 3. 33

$41. 60 and under $70. 40 -------- 5. 00

$12.80 and under $ 4 1 .6 0----------10.00

Under $12. 8 0 ........ ....................... ......

5 to 10 10 to 15 15 to 20 :20 to 25 25 years

years years years years and over

1.00 1.00 1.00 1.00 1.00

1. 11 1.00 1.00 1.00 1.00

1.25 1. 11 1.00 1.00 1.00

1.43 1.24 1.11 1.00 1.00

1.67 1.43 1.25 1. 11 1.00

2.00 1.67 1.43 1.25 1. 11

2.50 2.00 1.67 1.43 1. 25

3.33 2. 50 2.00 1.67 1.43

5.00 3.33 2.50 2.00 1.67

No benefit payable

When a w orker collects an unscheduled "sh ort w orkw eek" 

benefit only one-half of the number of credit units required 

to be cancelled, as shown in above table, is cancelled if 

the w orker earned an amount equal to at least 62 percent 

of his w eekly straigh t-tim e wage plus $1.50 fo r each d ependent up to 4; no credit unit is cancelled if he receives 

a scheduled "sh ort w orkw eek" benefit or an unscheduled 

one fo r a period of less than 3 hours. A fu ll w eek’ s benefit is paid to w orkers with some credit units, but few er 

than the number required fo r a fu ll w eek’ s benefit.

1 The hospital, surgical, and medical benefits coverage provided for active employees is extended to laid -off

employees for a period equal to 1 calendar month of layoff for each 4 weeks of weekly supplemental unemployment

benefits to which employees would be entitled as of the last day of work prior to layoff. For a description of benefits, see Digest of One Hundred Selected Health and Insurance Plans Under Collective Bargaining, Winter 1961—62

(BLS Bulletin 1330, 1962), pp. 120-125.

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Supplemental Unem ploym ent B enefit Plan of F ord M otor C o.— In te rnational Union, United Autom obile, A erosp ace and A gricu ltu ra l

Im plem ent W orkers of A m erica — Continued

W eekly unem ploym ent benefit—

S ervice req u irement:

1 year.

Waiting period: 1 week during each benefit year, if required by applicable 

State unemployment insurance law.

Basic benefit 

amount (including 

State UI benefits):

62 percent of b efo re-ta x wage.

When the value of the fund per em ployee fo r any 1 w eek is 

at least $12. 80 but under $41.60, the benefit amount fo r 

such week is reduced by 20 percent or to $5, w hichever 

is greater; if the value of the fund is less than $ 12. 80 per 

em ployee, no benefit is paid.

Dependents1

allowance:

$1.50 fo r each dependent; m axim um — $ 6.

M axim um plan 

payment:

$40, including dependents1 allowances.

M axim um duration: 52 weeks fo r each benefit year.

Short w orkw eek 

benefit—

S ervice req u irement:

1 year.

Am ount:2 Scheduled short w ork w eek 3--- 65 percent of base hourlv

wage rate, including co st-o f-livin g allowance, tim es d ifferen ce between the number of paid hours and 40.

Separation pay— 

S ervice req u irement:

Unscheduled short w orkw eek 3— 50 percent of base hourlv 

wage rate, including co st-o f-livin g allowance, tim es d ifferen ce between the number of paid hours and 40.

2 years.

W orker must be laid off or, without being eligib le fo r a 

retirem en t benefit, be totally and perm anently disabled or 

retired after age 60.

2 Employees who work less than 40 hours but earn too little to become ineligible for State unemployment insurance benefits have the option of having their benefits computed according to the short workweek benefit formula

(with State unemployment insurance benefits and earnings from other employers taken into account) or according to

the weekly unemployment benefit formula.

3 A scheduled short workweek is one scheduled by management to adjust production due to customer demand;

all others are termed "unscheduled short workweeks."

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Supplemental Unemployment B enefit Plan of F ord M otor C o.— In ternational Union, United Autom obile, A erosp ace and A gricu ltu ral

Im plem ent W orkers of A m erica — Continued

11

When payable:

Amount:

M oving allowance:

A fte r layoff of 1 year at w ork er's option.

A fter la yoff of less than 1 year, at com pany's option, based 

on com pany's determ ination of w ork er's prospects fo r 

reem ploym ent.

W orker must apply fo r separation pay within the 24-month 

period follow ing com m encem ent of his separation period.

Lum p-sum paym ent based on years of service, as follow s:

Number of Number of

Years of service hours' pay 1 Years of service hours' pay 1

2 and under 3 --------------- 50 17 and under 1 8 ----- 600

3 and under 4 --------------- 75 18 and under 1 9 ----- 656

4 and under 5 --------------- 100 19 and under 2 0 ----- 713

5 and under 6 --------------- 125 20 and under 21 ----- 775

6 and under 7 --------------- 156 21 and under 2 2 ----- 838

7 and under 8 --------------- 188 22 and under 2 3 ---- 900

8 and under 9 --------------- 219 23 and under 2 4 ---- 969

9 and under 10 ------------- 250 24 and under 2 5 -----— 1,038

10 and under 11------------- 288 25 and under 2 6 ---- — 1,113

11 and under 12------------- 325 26 and under 2 7 -----— 1,188

12 and under 13------------- 363 27 and under 2 8 -----— 1,263

13 and under 14------------- 406 28 and under 2 9 ---- — 1,338

14 and under 15------------ 450 29 and under 3 0 ---- - - - 1,413

15 and under 16------------- 500 30 and o v e r------------- - - 1,500

16 and under 17------------- 550

* If the value of the fund as of the date of application is less than $160 per

worker, the amount of separation pay is reduced 1 percent for each $1. 60 that the

value is below $160.

Amount reduced by m ost recent unemployment benefit paym ents, m oving allowance, and any payment financed in 

whole or in part by the company which the w orker received 

on or after his last day of em ploym ent with respect to any 

la yo ff or separation (other than the State unemployment in ­

surance benefit or a benefit payable under the Social S ecurity A ct).

Lum p-sum payment equal to the grea ter of the w ork er's unused credit units tim es 40 or the separation pay to which he 

is entitled but subject to the follow ing m axim um amounts:

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Federal Reserve Bank of St. Louis
12

Supplemental Unem ploym ent B enefit Plan of F ord M otor C o.— In te rnational Union, United Autom obile, A erosp ace and A gricu ltu ra l

Im plem ent W orkers of A m erica — Continued

Maximum allowance for 1—

Miles between plant Single Married

locations employee employee

50 and under 100 -------------------------- $55 $180

100 and under 300 ------------------------ 75 220

300 and under 500 ------------------------ 105 290

500 and under 1, 000 — ---------------- 155 420

1,000 and over --------------------------- 215 580

1 Amount reduced by any relocation allowance provided under

Federal or State laws and deducted from subsequent separation pay.

Company

ContributionMaxim um: 5 cents per hour paid.

M axim um funding: Company contributes only the amount required to m aintain 

the m arket value of the assets in the fund at a le v e l d e te rm ined each month by m ultiplying the average fu ll benefit 

rate by 16, and this result by the sum of the numbers of 

active em ployees and la id -o ff em ployees with credit units. 

Amount of company contribution reduced by cost of h ospital, surgical, and m edical insurance benefits fo r la id - 

off w orkers, and amounts paid by company to provide 

m oving allowances to la id -o ff em ployees.

Company not required to m ake additional contributions to 

the fund fo r short w orkw eek benefits except fo r a month 

fo r which the value of the fund is less than $300 fo r each 

em ployee.

Plan adm inis- Company,

t ration:

Financial status

of fund as of 

D ec. 31, 1961:

Total assets -------------------------------------------------- $39, 544, 343

Total benefit payments in preceding y e a r ------ 8, 466, 270

Total contributions in preceding y e a r ------------ 7, 529, 671

Num ber of em ployees during year 121,879

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13

Supplemental Unem ploym ent B enefit Plan of Goodyear T ire and

Rubber C o.— United Rubber, Cork, Linoleum and

P la stic W orkers of A m erica 1

Type of plan: Pooled fund.

B enefits W eekly unemployment benefit, short w orkw eek benefit, separation pay.

C redit units O ne-half unit accumulated per week of pay; m aximum — the 

number of w eekly State unem ploym ent insurance benefits 

payable during yea r but not m ore than 39 units.

One unit cancelled fo r each week of w eekly unemployment 

benefit or short w orkw eek benefit, except when the fund1 s 

financial position is less than 80 percent of m axim um funding, the rate of credit unit cancellation is increased a c ­

cording to the seniority of the la id -o ff w orker, as follow s:

Credit units cancelled if

seniority of worker is—

Fund's financial position as a 1 to 5 5 to 10 10 to 15 15 to 20 20 years

percent of maximum funding years years years years and over

70 and under 80 percen t------------------- 1.15 1.00 1.00 1.00 1.00

60 and under 70 percen t------------------- 1.30 1.15 1.00 1.00 1.00

50 and under 60 percen t------------------- 1.50 1.30 1.15 1.00 1.00

40 and under 50 percen t------------------ 2.00 1.50 1.30 1. 15 1.00

30 and under 40 percen t------------------ 2.50 2.00 1.50 1. 30 1. 15

20 and under 30 percen t----------- ------- 3.33 2. 50 2.00 1.50 1.30

10 and under 20 percen t------------------- 5.00 3.33 2. 50 2. 00 1.50

4 and under 10 percen t--------------------- 7.50 5.00 3.33 2.50 2.00

Under 4 percen t---------------------------------------------------- No benefit payable

A fu ll w eek’ s benefit is paid to w orkers with som e credit 

units but few er than the number required fo r a fu ll w eek’ s 

benefit.

W eekly unem ployment benefit—

S ervice req u irement:

year.

Waiting period: 1 week during each benefit year, if required by applicable 

State unemployment insurance law.

Basic benefit 

amount (including 

State UI benefits):

65 percent of a fter-ta x wage.

Dependents’

allowance:

$ 2 fo r each dependent; m axim um — $ 8.

* This summary does not reflect the changes in the plan negotiated in late April 1963.

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14

Supplemental Unemployment Benefit Plan of Goodyear T ire and

Rubber C o.— United Rubber, Cork, Linoleum and

P la stic W orkers of A m erica 1—Continued

M axim um plan 

payment:

$35, plus dependents1 allowances w hile receivin g State unem ploym ent insurance benefits; $57 plus dependents1 a llo w ­

ances w hile not receivin g State unemployment insurance 

benefits.

M axim um duration: Maxim um duration of State unemployment insurance benefits but not less than 26 weeks or m ore than 39 weeks 

during each benefit y e a r. 2

Short w orkw eek 

benefit 3

S ervice req u irement:

1 year.

B asic benefit 

amount (including 

wages paid by 

company):

65 percent of a fter-ta x wage.

Dependents1

allowance:

$2 fo r each dependent; m axim um — $ 8.

M axim um plan 

payment:

$57 plus dependents* allowance.

Separation pay— 

S ervice req u irement:

5 years.

When payable: A fter layoff of 2 years.

Amount: Lum p-sum pavment based on service, as follow s:

Percent of

Years of service career earnings

15 or more ---------------------------------------------------------- 3

10 to 15 — ........................................................ — 2 72

5 to 10 ................... - .........- ................................. 2

Amount reduced by m ost recent unemployment benefit 

paym ents.

2 Plan payments are made for 26 weeks or for duration of State unemployment insurance benefits whichever

is a longer period; maximum— 39 weeks.

3 This benefit is payable to employees on a standard 8-hour day who were scheduled for or offered work for

less than 23 hours during the week, and to employees on a standard 6-hour day who were scheduled for or offered

work for less than 21 hours during the week.

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15

Supplemental Unem ploym ent B enefit Plan of Goodyear T ir e and

Rubber C o,— United Rubber, Cork, Linoleum and

P la stic W orkers of A m e r ic a — Continued

Company 

contribution— 

Maximum: 3 cents fo r each hour paid.

Maxim um funding: Company contributes only amount required to m aintain the 

m arket value of the assets in the fund at a le v e l d e te rm ined each month by m ultiplying $4, 400, 000 (the maximum 

funding fo r July 1956) by a fraction, the num erator of which 

is the sum of the numbers of active em ployees and la id -o ff 

em ployees potentially eligib le fo r benefits and the denom inator is 23, 760 em ployees.

Plan adm inistration:

Company only.

Financial status 

of fund as of 

June 30, 1961:

Total assets ---------------------------------------------------

Total benefit payments in preceding year ------

Total contributions in preceding y e a r -------------

$3, 693, 763 

836, 177 

348, 907

Num ber of em ployees during year -------- 21,222

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Federal Reserve Bank of St. Louis
16

Supplemental Unem ploym ent B enefit Plan of Ideal Cement C o.— United

Cem ent, L im e and Gypsum W orkers International Union

Type of plan: Pooled fund.

B en efits:

C redit units

W eekly unemployment benefit, short w orkw eek benefit, 

separation pay, tem porary occupational d isab ility benefit 

fo r active w ork ers. 1

One-half unit accumulated for each w eek of pay; m ax imum— 52.

One unit cancelled fo r each w eek of unemployment benefit 

and one-half unit for each short w orkw eek benefit, except 

when the value of the fund is less than 33 percent of m aximum funding, the rate of cred it unit cancellation is in ­

creased according to the sen iority of the la id -o ff w orker 

as fo llo w s:

Credit units cancelled for each week of

benefit if employee's seniority is—

Value of fund as percent 1 and under 8 and under 15 years

of maximum funding 8 years 15 years and over

27 and under 33 percent — - 1.2 1.0 1.0

20 and under 27 percent---- 1.5 1.2 1.0

14 and under 20 percent---- 2.0 1.5 1. 2

10 and under 14 percent---- 2.5 2.0 1.5

7 and under 10 percent------ 3.0 2.5 2.0

3 and under 7 percent-------- 5.0 3.0 2.5

Under 3 percent--------------------- No benefit payable

W eekly unem ployment benefit—

S ervice req u irement:

The number of credit units to be cancelled for short w ork ­

w eek benefit when value of fund is less than 33 percent is 

determ ined according to above table at the ratio of onehalf to one.

A proportionate benefit is paid to w orkers with few er cred it 

units than requ ired fo r a fu ll w eek 's benefit.

1 year.

Waiting period: 1 w eek during each benefit year.

B asic benefit 

amount (including State UI benefits and dependants 1 allow ance):

Based on earnings and number of dependents, as follow s:

Straight-time hourly wage times—

Number of While receiving While not receiving

dependents State UI benefits State UI benefits

N o n e --------------------------------- 24 12

1 ........ - ............................. 25 13

2 and over ------------------------ 26 14

Dependents 1 

allowance:

See above table.

Weekly unemployment benefits are also payable to employees who become disabled while on layoff and are

ineligible for both accident and sickness benefits and State disability benefits.

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Federal Reserve Bank of St. Louis
17

Supplemental Unem ploym ent Benefit Plan of Ideal Cement C o.— United

Cem ent, Lim e and Gypsum W orkers International Union—Continued

Maxim um plan 

payment;

$40, including dependents’ allowances.

Maximum duration:

52 weeks during each benefit year.

Short w orkw eek 

benefit-—

Service req u irement:

1 year.

Amount: 100 percent of regu lar straigh t-tim e hourly wage rate 

tim es the differen ce between the number of hours w orked 

and 32 hours.

Separation pay— 

Service req u irement:2 years.

When payable: Term ination of em ploym ent caused by la yo ff of 2 or m ore 

years, by plant or departm ent closing, or upon retirem en t 

caused by disability, or after age 65 and not elig ib le fo r a 

disab ility or norm al retirem en t benefit.

W orker must apply within the 1-year p eriod follow ing date 

of em ployer* s term ination notice to him.

Amount: Lum p-sum paym ent based on em p loyee’s length of service, 

e lig ib ility for an ea rly retirem en t benefit, and the cash 

value of the fund, as follow s:

Value of the fund as a percent of maximum funding

33 20 and under 33 Under 20

Employee is Separation pay for each year o f credited service

Eligible for an early 15 times 10 times None,

retirement benefit, straight-time straight-time

hourly wage. hourly wage.

Ineligible for an early 35 times 25 times None,

retirement benefit. straight-time straight-time

hourly wage. hourly wage.

T em p orary occu ­

pational d isab ility 

benefits—

S ervice req u irement:

1 year.

Amount (including W orkm en’s 

Compensation 

benefit):

$55.

Duration: 26 weeks during each disability.

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Federal Reserve Bank of St. Louis
18

Supgjementcil Unem ploym ent Benefit Plan of Ideal Cem ent C o.— United

Cement, L im e and Gypsum W orkers International Union— Continued

Company

contribution:

Maximum: 7 cents fo r each hour paid when the current cash value 

of the fund fo r the month is less than 50 percent of m a x imum funding; 6 cents fo r each hour worked when the cu rrent cash value of the fund is at least 50 percen t but less 

than 662/3 percent; and 5 cents fo r each hour paid when the 

cash value is at least 66% percen t of m axim um funding.

M axim um funding: The product of $225 tim es total number of active em ­

ployees and la id -o ff em ployees elig ib le fo r benefits.

Plan adm inistration: Jointly: Company and union.

Financial status 

of fund as of 

Dec. 31, 1962:

Total assets ------------------------------------------------------ $224,490

Total benefit payments in preceding y e a r ----------- 116, 868

Total contributions in preceding y e a r ---------------- 155, 825

Num ber of em ployees during year ------------ 1, 654

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Federal Reserve Bank of St. Louis
19

NMU Em ploym ent Security Plan of M aritim e Industry, Various Atlantic and 

Gulf Coasts E m ployers— National M aritim e Union of A m erica

Type of plan: Pooled fund.

B enefits: W eekly unemployment benefit, 1 separation pay, w eekly 

tem porary disability benefit for active w ork ers.

W eekly unem ployment benefit—

S ervice req u irement:

200 days* em ploym ent in preceding 3 yea rs. 2

W aiting period: None.

Unem ploym ent must last at least 7 days, except if it 

follow s a paid vacation, benefits com m ence on the day fo llowing the last day for which vacation benefits w ere paid.

Basic benefit 

amount (excluding 

State UI benefits):

$25 w hile receivin g State unem ploym ent insurance benefit; 

$40 w hile not receivin g State unem ploym ent insurance 

benefit.

Dependents 1 

allowance:

None.

Maxim um plan 

payment:

Same as "basic benefit amount;" see above.

Maxim um duration:8 weeks fo r each p eriod of unem ploym ent.

Separation pay— 

Service r e ­

quirem ent:

60 days of continuous em ploym ent with one em ployer and 

200 days* em ploym ent with participating em ployers in p r e ­

ceding 3 years.

When payable: When em ploym ent term inates because of loss, sale, tran sfe r , and reduction of com plem ent, or a layup exceeding 

90 days, and seaman is otherw ise entitled to perm anent 

em ploym ent and has accepted transportation or has r e g ­

istered fo r open em ploym ent.

1 In addition to being payable during periods of unemployment caused by layoffs, this benefit is payable (a)

if unemployment is caused by the seaman's having to leave berth or extend a leave of absence to make arrangements

to care for a disabled spouse or because of a death in the family or by involvement in legal proceedings which require the seaman's presence ashore, or (b) if unemployment follows a vacation or recovery from a disability which caused

the worker to leave a vessel.

2 To qualify for weekly unemployment benefits immediately following a paid vacation, the seaman must have

had 1 full year of continuous employment with the same employer.

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Federal Reserve Bank of St. Louis
20

NM U Em ploym ent Security Plan of M aritim e Industry, Various A tlantic and 

Gulf Coasts E m ployers— National M aritim e Union of A m erica — Continued

Amount: Lum -sum paym ent based on se rvice , as follow s:

Duration of continuous employment Number of hours' pay

60 days and under 180 days -------------- 15

180 days and under 2 years -------------------- 30

2 years and under 3 y e a r s -------------------- 35

3 years and under 4 y e a r s ---------------- 40

4 years and under 5 y e a r s ---------------- 45

5 years and under 6 y e a r s --------------------— 50

6 years and under 7 y e a r s ---------------- 55

7 years and under 8 y e a r s---------------- 60

8 years and under 9 y e a r s---------------- 65

9 years and under 10 y e a r s --------------- 70

10 years and under 11 y e a r s -------------- 75

11 years and over ------------------------ 80

W eekly tem porary

disab ility benefit

fo r active w orkers 3—

S ervice req u ire­ 200 days1 em ploym ent with participating em ployers in p re -

ment: ceding 3 years.

W aiting period: None.

Amount: $40.

Maxim um du­ 18 weeks (13 weeks w hile disabled plus 5 weeks im m eration: diately follow ing term ination of d isab ility).

Company con­ 25 cents fo r each day w orked.

tribution:

Plan adm in­ Jointly: E m ployers and union.

istration:

Financial status Total assets __ __ _ ________ ____ - $8,539,523

of fund as of Total benefit payments in preceding year ___ 863, 785

Dec. 31, 1961: Total contributions in preceding year — ____ 1,698,311

Num ber of em ployees during year 35,000

3 Benefit not payable for a disability that causes seaman to leave ship but is payable for one that prevents him

from reshipping; also not payable during any period seaman collects in-hospital accident and sickness benefits provided

under the NMU Welfare Plan and during any period that the worker collects disability benefits under any applicable

State law.

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Federal Reserve Bank of St. Louis
21

Supplemental Unem ploym ent B enefit Plan of United States Steel C o rp .— 

United Steelw orkers of A m erica

Type of plan: Pooled fund.

B en efits: W eekly unem ploym ent benefit, short w orkw eek benefit, 

m oving allowance. 1

C redit units: O ne-half unit accumulated fo r each w eek of p a rtia l or fu ll 

pay and for each w eek of com pensable disab ility; m axim um - 

52.

One unit cancelled fo r each w eek of unemployment benefit, 

except only one-half unit cancelled if w eekly benefit amount 

is reduced because of earnings from other em p loyers. A 

proportionate benefit is paid to w orkers with few er cred it 

units than requ ired fo r a fu ll w eek ’s benefit.

Weeks fo r which w orker receives "sh ort w orkw eek benefit" 

does not affect number of units credited or cancelled.

W eekly unem ployment benefit—

S ervice req u irement:

2 years.

W aiting period: 1 w eek during each benefit year.

Basic benefit 

amount (including 

State UI benefits):

24 tim es the average straigh t-tim e hourly pay (60 percent 

of b efo re-ta x w age).

When the fund is less than 35 percen t of m axim um financing, the w eek ly benefit paym ent is reduced as follow s:

Percent of maximum Percent reduction in weekly

financing benefit payment

25 and under 35 percent ------------------- 40

15 and under 25 percent ------------------- 70

Under 15 percent------------------------------- No benefit payable

Dependents 1 

allowance:

$1.50 fo r each dependent; m axim um — $ 6.

M axim um plain 

payment:

$ 37. 50 plus dependents’ allowances, w hile receivin g State 

unemployment insurance benefits; $60, plus dependents1 

allowances, w hile not receivin g State unem ploym ent in ­

surance benefits.

Maxim um duration:

52 weeks during each benefit year.

1 When a plant closes, workers, within the 90-day period following such closing, may elect to either (1) collect severance pay allowance provided under the collective bargaining agreement or, (2) go on layoff and collect

the weekly unemployment benefit provided under the supplemental unemployment benefit plan.

Weekly unemployment benefits are also payable to employees who become disabled while on layoff and

after their weekly accident and sickness benefit coverage under the collectively bargained health and insurance program has ceased.

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Federal Reserve Bank of St. Louis
22

Supplemental Unem ploym ent B enefit Plan of United States Steel C orp .— 

United Steelw orkers of Am erica:— Continued

Short w orkw eek 

benefit—

S ervice req u irement:

2 years.

Amount: 100 percen t of standard hourly w age rate, excluding costo f-liv in g allowance, tim es the differen ce between the number of hours w orked and 32 hours.

M oving allow ance: Lum p-sum payment based on distance of m ove and m a r ital status as follow s:

Allowance1 for—

Miles between plant

locations

50 and under 100-----------------

100 and under 300 ---------------

300 and under 500 ---------------

500 and under 1,000 -----------

1,000 and over -------------------

Single Married

employee employee

$55 $180

75 220

105 290

155 420

215 580

Amount reduced by any relocation allowance provided under

Federal or State law.

Company co n tribution—

Maxim um:

Maxim um

financing:

9V2 Ccents fo r each hour w orked (4V2 cents is paid in 

cash and 5 cents is held in contingent lia b ility until a 

sp ecified le v e l of total finances is reached; th ereafter the 

en tire obligation is in the fo rm of contingent lia b ility ).

When the amount of finances per em ployee reaches the 

m axim um financing le v e l (the le s s e r of (a) the amount determ ined by m ultiplying I 2V2 cents tim es the total numb er of hours w orked by the em ployees during a previous 

12-month period, or (b) 100 tim es the average m onthly 

benefits paid during the previou s 5 yea rs) 4.5 cents per 

hour becom es available fo r the paym ent of benefits under 

the SUB Plan or the Savings and Vacation Plan, w h erever 

needed firs t.

Plan adm inistration: Company only.

Financial status 

of fund as of 

Dec. 31, 1961:

Total a ssets ________________________________________ (2)

Total benefit payments in preceding year ____$ 10, 384, 201

T otal contributions in preceding y e a r _________ 11, 342, 808

Num ber of em ployees during y e a r ______ 151,829

2 Total assets of $1,325,216 were reported on the D -2 financial report filed with the Department of Labor's

Office of Welfare and Pension Plans; however, this amount does not include the company's contingent liability.

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Federal Reserve Bank of St. Louis
23

Security B enefit Plan of Pittsburgh Plate Glass C o .— United Glass and 

C eram ic W orkers of N orth A m erica

Type of plan: Individual account.

B en efits: W eekly unem ploym ent benefit, separation pay, w eek ly tem ­

p o ra ry d isab ility benefit for active w ork ers, death benefit.

W eekly unem ployment benefit—

Service req u irement:1 year.

W aiting period: None.

Basic benefit 

amount (excluding State UI 

benefit):

10 percen t of amount in em p loyee’s account or $30, w hichever is the le s s e r.

Dependents' 

allow c in e e:

None.

Maxim um plan 

payment:

$30.

Maxim um duration:Until balance in account is exhausted.

Separation pay— 

S ervice req u irement:

2 months.

When payable: When em ploym ent term inates fo r any reason, including r e ­

tirem ent or death.

Amount: Lum p-sum paym ent of balance in account.

W eekly tem porary 

disab ility benefit 

fo r active w orkers— 

S ervice req u irement:

1 year.

W aiting period: 2 w eeks.

B asic benefit 

amount (excluding 

State UI benefit):

Death benefit:

Company co n tribution:

L e s s e r of 10 percent of amount in em p loyee's account and 

$ 30. B enefit fo r fir s t 2 weeks (waiting period ) made in 

lum p-sum payment.

Balance in em p lo y ee's account.

10 cents fo r each hour w orked.

Plan adm inistration:

Financial status of 

fund as of Dec. 31, 

1961:1

When balance in w o rk e r's account is $600 or m ore, the 

com pan y's contribution is used to provide additional v a ­

cation pay.

Company only.

Total a s s e ts ---------------------------------------------------- $3,913,655

Total benefit payments in preceding y e a r ------- 736, 321

Total contributions in preceding year ------- 341, 974

Num ber of em ployees during y e a r --------------- 8, 193

1 Data shown are totals for plans reported as Security Benefit Plan Nos. 1, 2, and 3.

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Federal Reserve Bank of St. Louis
Additional Security B enefit Plans of

Plum bing Contractors A ssociation of the C ity of New Y ork, Long Island and 

W estchester County, Inc. , and United A ssociation of Journeym en and 

Apprentices of the Plum bing and Pipe Fitting Industry of the United 

States and Canada, L ocal N os. 1, 2, 371, 457, and 775

24

Type of plain: Individual account.1

B enefits: W eekly unemployment benefit, separation pay, w eekly 

tem porary disability benefit fo r active w ork ers, death 

benefit.

C redit units: Journeym en accumulate 2 units fo r each 5 days em ployed; 

apprentices accumulate 2 units fo r each 10 days em ployed.

F ive units cancelled fo r each w eek of unemployment benefit.

W eekly unem ployment benefit 2— 

S ervice req u irement:Journeyman or apprentice status.

W aiting period: 1 w eek during each benefit year.

Basic benefit 

amount (excluding 

State UI benefit):

$50.

Dependents ’ 

allowance:

None.

Maxim um plan 

paym ent:

$50.

Maxim um duration:

The le s s e r of 26 weeks or the number of weeks which 

equals five-six th s of the units the w orker has to his credit.

Separation pay— 

S ervice req u irement:

Journeyman or apprentice status.

When payable: When leaving industry, becom ing self-em p loyed , or accepting em ploym ent with a noncontributing em ployer.

Amount: $50 m onthly fo r each 5 cred it units accrued.

When em ployee leaves industry because of undue hardship, 

because he is over age 60, or because he is disabled, 

he receives monthly, $40 fo r each 4 credit units until units 

to his cred it are exhausted.

1 A separate fund is maintained for members of each of the locals.

2 Payable only during period worker is collecting State unemployment insurance benefits.

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Federal Reserve Bank of St. Louis
Additional Security B enefit Plans of

Plum bing Contractors A ssociation of the C ity of New Y ork, Long Island and 

W estchester County, Inc. , and United A ssociation of Journeym en ^and 

Apprentices of the Plum bing and Pipe Fitting Industry of the Unifed 

States and Canada, L oca l N os. 1, 2, 371, 457, and 775— Continued

25

W eekly tem porary 

disability benefit 

fo r active w o rk er3— 

S ervice req u irem ent:

Journeyman or apprentice status.

W aiting period: 1 week.

Amount: $50.

Maxim um duration:

Nonoccupational disability— 26 weeks during each disability. 

Occupational disab ility— Duration of W orkm en's Com pensation benefit.

Death benefit: Lum p-sum paym ent of $ 10 fo r each unit w orker had to 

his credit.

Company co n tribution:

$4 fo r each day w orked by journeym an plum ber.

E m ployers of apprentice m em bers of L o ca l Union No. 2 

contribute an additional $2 fo r each day w orked by covered 

apprentice.

Plan adm inistration:

Jointly: Contractors and local union.

Financial status 

of fund for 

ye ar ending in 

1961:4

Total assets ------ —---------------------------------------- $6,997,098

Total benefit payments in preceding y e a r ----- 2, 199, 831

Total contributions in preceding y e a r ----------- 3, 397, 197

Num ber of em ployees during y e a r ______, 6, 437

3 Payable only during period worker is collecting temporary disability or Workmen's Compensation benefits and

only at the trustees' option.

4 Data shown are totals for all 5 funds.

☆ U. S. GOVERNMENT PRINTING OFFICE : 1963 O - 687889

Digitized for FRASER 

http://fraser.stlouisfed.org/ 

Federal Reserve Bank of St. Louis