Are income taxes paid on Vacation and Holiday benefits?
Employer contributions for Vacation and Holiday and Work Fee Option are taxed at the time the contributions are made by the Employer. These amounts are included in your gross payroll figures reported by your Employers to the IRS and State Income Tax authorities and the necessary withholdings and other income tax deductions are made at that time. If you receive supplemental distribution of Plan income, such amounts are also taxable.
