Generally, a participant will have an Employee Account in the Trust if his/her Association has negotiated for the mandatory transfer of sick/vacation leave to the Trust. In addition, a participant who does not qualify for the monthly lifetime2 benefit under Part C will have an Employee Account to which his/her monthly payroll contributions will be credited.
2 The Plan is designed to provide monthly reimbursement benefits to Eligible Retirees until death. However, this feature is not guaranteed. The Trustees reserve the right to modify, limit or terminate benefits as necessary to preserve the financial soundness of the Trust.