How is my welfare fund or personal account balance calculated?
A portion of employer contributions are credited or “deposited” in your personal account for each hour you work in covered employment. Monthly deductions or “withdrawals” will be made for your insurance coverage after the general eligibility requirements are met and you remain available for covered employment. The difference between these deposits and the withdrawals will be your personal account balance and may be used for additional reimbursements. Under no circumstances can this balance be less than $0.
