ASB Fund

The Additional Security Benefit Fund (the “ASB Fund”) was merged into the Welfare Fund on December 31, 2019, the rules governing the new ASB Account C can be found in SMM#1.

Please note that effective January 1, 2021 the Bargaining Parties for the Building Trades Division commenced contributions to the New Welfare Fund ASB Account C.  Contributions are based on 5% of Gross Wages deducted from net pay. See page 21 of SMM#1 for how Benefits can be paid.

 Walter Saraceni

Walter Saraceni
Administrator for the Trustees
Plumbers Local Union No.1 Trust Funds

Plumbers Local Union No. 1
Welfare Fund
50-02 Fifth Street, 2nd Floor
Long Island City, NY 11101

› Phone
718 – 835 - 2700

› Fax
718 – 641 – 8155
718 – 641 – 6627