NBU & ALUMNI Contractor FAQ

1. As an owner of a company, can I participate in the Funds under the Collective Bargaining Agreement (CBA)?
2. Which Funds can we participate in?
3. What is an Alumni Agreement?
4. What is an NBU Agreement?
5. Can my company participate in an Alumni and an NBU Agreement with the same Fund?
6. Are the Alumni and NBU benefits the same as the benefits for the CBA participants?
7. Will my Alumni or NBU participation be affected if I fail to pay contributions for my CBA employees?
8. When can my company sign an Alumni or NBU agreement?
9. Once our agreement is signed and approved, can we add our names to the report with the CBA employees?

1. As an owner of a company, can I participate in the Funds under the Collective Bargaining Agreement (CBA)?

No. The CBA does not cover owners or officers of a company. However, you may qualify to participate under the Alumni Agreement or the Non-Bargaining Unit (NBU) Agreement. Contact the Fund Office for Requirements for Participation.

2. Which Funds can we participate in?

The Alumni agreement is available for the Pension Fund, Health Fund, Vacation Fund, and Training Fund.

The NBU Agreement is available for the Pension Fund and the Health Fund only.

You may choose to participate in any of the Funds, but a separate signed agreement is required for each Fund.

3. What is an Alumni Agreement?

The Alumni Agreement is for owners and officers of companies who have had previous contributions paid in their behalf to the Funds under a CBA and want to continue participating in the Funds. This agreement allows you to choose which Alumni employee classifications will participate.

4. What is an NBU Agreement?

The NBU Agreement is for owners who have not had previous contributions paid to the Funds under a CBA. This agreement requires "All or None" participation, which means ALL owners, officers and any staff that are not covered by a CBA must be funded on.

5. Can my company participate in an Alumni and an NBU Agreement with the same Fund?

No, you can only participate in one type of agreement for each Fund. However, if you qualify, you may participate in an Alumni Agreement for one Fund and an NBU Agreement for another Fund.

6. Are the Alumni and NBU benefits the same as the benefits for the CBA participants?

Yes, the benefits are the same.

7. Will my Alumni or NBU participation be affected if I fail to pay contributions for my CBA employees?

If your company fails to contribute for the CBA employees, your Alumni or NBU contributions will not be credited until CBA contributions are current.

8. When can my company sign an Alumni or NBU agreement?

The Alumni Agreement can be signed at any time. However, the NBU Agreement is available during the first year after an Employer signs the CBA. After the first year, NBU Agreements must be approved by each Fund's Board of Trustees.

9. Once our agreement is signed and approved, can we add our names to the report with the CBA employees?

No, employees covered by your Alumni or NBU Agreement must be reported on a separate remittance report.