Other Benefits Page

Life Insurance

Life insurance benefits are available on behalf of eligible active employees. These benefits are insured by United of Omaha and are payable to the beneficiary of your choice. The amount of the benefit is $10,000.  Life insurance benefits are reduced by 50% for active employees at age 70 and over.

When you first enroll in the plan, you should fill out the information for a primary and a secondary beneficiary on the BAC3 Enrollment Form.

You can change your beneficiaries at any time by submitting a new form or by contacting Allied Administrators.

Vacation

Vacation contributions are based on the hours that you work, and are included by your employer along with their submission of monthly fringe benefits. All Vacation money that is received from employers is forwarded by the Trust office to the Operating Engineers Credit Union, and is credited to your specific Operating Engineers Credit Union account. You have access to your vacation funds according to the following schedule:

Month 1: Hours are worked
Month 2: Employer calculates contributions and remits to Trust office
Month 3: Trust office reconciles contributions and forwards vacation funds to Operating Engineers Credit Union
Month 4: Operating Engineers distributes vacation contributions to your individual credit union account

Please note that if your employer’s benefit payment is not received on a timely basis, payment of your vacation benefits to the credit union will be delayed.