Other Benefits Page
Life/Accidental Death & Dismemberment Benefits
Life insurance and accidental death & dismemberment benefits are provided to eligible employees and their eligible dependents through an insured contract with United of Omaha.
| Life Insurance |
Benefit |
| Employee |
$5,000 |
| Spouse |
$2,500 |
| Dependent Child (6 months or older) |
$1,000 |
| Dependent Child (younger than 6 months) |
$500 |
| Accidental Death & Dismember Insurance |
Benefit |
| Employee |
$5,000 |
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.