Frequently Asked Questions

SUB Fund

A participant qualifies for S.U.B. Fund weekly benefits if they:

  • Have attained a $1,200.00 balance in their account.
  • Signed the I.B.E.W. Local 697 out of work list.
  • Be available to accept a call for work.
  • Show proof that you are receiving unemployment compensation benefits from a state or would have been eligible to receive unemployment compensation benefits from a state had your unemployment compensation benefits from that state not been exhausted.

A participant can elect either a $150 a week S.U.B. Fund benefit or a $300 a week S.U.B. Fund benefit. The amount elected at the beginning of their benefit period will remain the amount of their weekly benefit until such time as one of the following occurs:

  • Their eligibility for state unemployment benefits cease;
  • They fail to submit supporting documentation timely;
  • Their S.U.B. Fund balance is depleted.
  • Their balance falls below the participants designated weekly amount, in which they will only receive the remaining amount during that given week.

Participants are informed that:

  1. Weekly S.U.B Fund benefit payments are considered taxable income, (See FAQ titled “Is the S.U.B. benefit taxable?”) and
  2. The Plan does not withhold taxes on weekly S.U.B. Fund payments.

Yes. Weekly submission verifying receipt of State unemployment benefits is required in order to continue to receive S.U.B. fund benefits.

Weekly S.U.B. Fund payments will be directly deposited on the Wednesday following the business week that a properly completed application and documentation verifying unemployment is received by the Fund Office.

Participants are advised that continued payment of the weekly S.U.B. Fund Benefit is not automatic. Rather, payments are based upon the participants continued eligibility to receive benefits as well as their timely submission of documentation verifying their unemployment status.

The Internal Revenue Service (I.R.S.) considers supplemental unemployment benefits received from an employer-financed fund (to which employees do not contribute) as taxable wages. Accordingly, if you received a SUB FUND benefit, that benefit is considered taxable in the year received and must be claimed as taxable income on your federal and state income tax returns. Consequently, and in accordance with I.R.S. regulations, the Fund Office must issue you a W-2 form for any monies received.

Again, the Plan does not withhold any taxes on its weekly payments. So, plan and budget accordingly.

All S.U.B. Fund benefits are electronically deposited to the account at the financial institution that the participant has listed within the benefit application.

No. In order to be eligible for S.U.B. benefits, employees must be involuntarily unemployed, available for work, and must not be receiving a medical disability such as a weekly workers compensation benefit or a Social Security check.

Typically, a person who is not collecting an unemployment check cannot collect a weekly S.U.B. benefit from the Plan. There are a few exceptions to this rule, including, exhausted benefits with Unemployment, and coverage while undergoing a wage investigation. For more information, contact the S.U.B. Fund Office.

Yes, effective March 1, 2020, participants that:

  • Enter military service for a brief, non-recurrent period;
  • That have no expectation of significant continuing military service, and
  • Who have met the eligibility requirements of the Plan,

may elect to draw a weekly S.U.B. Fund benefit.

Proof of military time (i.e. military pay stubs) and a properly completed S.U.B. Fund application form must be received by the Plan within thirty days of either entering service or the participant leaving service.

If you elect not to receive a weekly S.U.B. Fund benefit, and are away from covered employment due to uniformed military service covered by USERRA and subsequently return to work for a contributing employer following an honorable discharge within the parameters of USERRA, your SUB FUND benefits will be protected as follows:

  1. Your participation will not be terminated;
  2. You will not forfeit any SUB FUND benefit you had accrued prior to your uniformed military service; and
  3. There is no need to requalify for participation in the SUB FUND due to absence for military service.

Participants who fall into this category are informed that no contributions to their S.U.B. Fund will be made while they are on military duty.

No. In order to collect a weekly S.U.B. Fund benefit you must be available for work.

Provided a participant notifies the Plan within one month of the accident, injury or illness that resulted in them receiving a disability or a worker’s compensation benefit, their S.U.B. Fund balance will be protected from forfeiture.

Similar to Local 697 participants, a traveler qualifies for a weekly S.U.B. Fund benefit, if they:

  • Have attained a $1,200.00 balance in their account.
  • Signed the I.B.E.W. Local 697 out of work list.
  • Be available to accept a call for work.
  • Show proof that you are receiving unemployment compensation benefits from a state or would have been eligible to receive unemployment compensation benefits from a state had your unemployment compensation benefits from that state not been exhausted.

A travelers S.U.B. Fund balance will be electronically deposited to the account at the financial institution that they have listed within their application.