Jump to content

Transfer of funds between taft-hartley funds


Recommended Posts

Posted

A union health fund currently offers life insurance benefits to its members whose employers make contributions to the fund for these benefits. Currently the contributions are forwarded from the employer to the Fund who pays premiums with an insurance company. The Fund would like to now direct these contributions to another Taft-Hartley Fund for procuring life insurance. The contributions would go from the employer to the Health Fund to the Life Insurance Fund who would then purchase the insurance.

Can this be done without a written agreement from the employers? Are there any violations (ERISA, Taft-Hartley Act, etc)? Do the CBAs need to be amended?

Thanks in advance for any help!

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use