JOB SECURITY FUND OF THE ELECTRICIAN INDUSTRY

The Job Security Fund of the Electrical industry (the Fund) was established on May 2, 2019, pursuant to the Agreement and Working Rules (Collective Bargaining Agreement) between Local Union No. 3 of the International Brotherhood of Electrical Workers, AFL-CIO (Local 3) and the electrical contractors' associations and independent electrical contractors (the Participating Employers). Under the terms of the Collective Bargaining Agreements, The Joint Industry Board of the Electrical Industry (the Board) administers the Fund. The Board on behalf of the Fund collects employer contributions designated for the Benefit and Wage Plan, the Job Targeting Fund and the Employment Plan. The Participating Employers contribute different amounts (based on the Collective Bargaining Agreements) of their weekly standard gross wages.