Issue link: https://pma.uberflip.com/i/1101484
I N D U S T RY B E N E F I T S vacation Plan A basic one-week or two-week vacation is paid according to the qualifying hours credited an eligible registrant in the previous payroll year. An individual who is registered and qualified on December 31 of the calendar year in which the vacation is earned receives a vacation with pay. Payment is made at the straight time hourly rate prevailing on January 1 of the calendar year in which the vacation is paid. Each week of vacation is paid at 40 times the registrant's applicable straight time hourly rate or appropriate skilled straight time rate. Vacation payments are made in early February. A skilled rate applies when at least half of the qualifying hours are paid at a skilled rate. The skilled rate payable is the highest skill rate at which accumulated skilled hours equal at least 25% of the qualifying hours for a basic one- or two-week vacation. Basic one-or two-week vacation eligibility requirements are based on the age of the registrant and the average hours of the individual's registration port. "Average port hours" are calculated separately for longshore, clerk and foreman registrants and are the average hours paid in the "port of registration" during the payroll year, excluding those with fewer than 100 hours. Description of Year of Service for vacation A Year of Service for vacation eligibility is a payroll year in which the registrant is credited with at least 800 combined hours paid and equivalenced hours of Pay Guarantee Plan payments. After registration, service in the Armed Forces of the United States is considered qualifying time. Service as a full-time Union official or as a joint employee of a Labor Relations Committee, or service of any joint entity of the ILWU and the PMA is considered qualifying time. Continuous absence due to work-related injury for which an employee received Worker's Compensation is considered qualifying time. Temporary absence due to compensable temporary partial disability because of industrial illness or injury shall also be considered qualifying time. Extra Benefits for Clerks and Foremen Clerks and walking bosses/foremen receive additional hours of vacation pay, depending on the total hours paid to the individual in the previous payroll year. Clerks receive two additional hours for each 50 hours paid in excess of 1,975 in the previous payroll year, up to a maximum of 16 additional hours. Walking bosses and foremen receive two additional hours for each 100 hours paid in excess of 1,400 hours, up to a maximum of 20 additional hours. vACATION BENEFITS, TAxES & ExPENSES Payroll Year in which earned: 2013 $ 79,094,729 2014 $82,586,873 2015 $87,453,717 2016 $90,580,654 2017 $94,554,073 2018* $108,222,701 Includes payments for benefits, taxes, and administrative expenses Vacation benefits are mostly paid in the first full payroll week in February for vacations earned in the prior year. Source: Audited Financial Statements except for 2018 *Estimated benefits. ANNUAL HOURS REQUIREMENTS FOR vACATION ELIGIBILITY 1,300 or more 800 1,300 700 1,200 1,200 - 1,299 700 1,200 600 1,100 1,100 - 1,199 676 1,100 600 1,100 1,000 - 1,099 615 1,000 600 1,000 900 - 999 552 900 552 900 less than 900 552 800 552 800 Average Port Hours Under Age 60 1 wk 2 wks Age 60 and over 1 wk 2 wks Trucks at Yusen Terminals at the Port of Los Angeles. 42 2 0 1 8 a n n u a l r e p o r t