Vacation Benefits to be Paid via Debit Card Beginning in June

February 14, 2017

Effective for your first quarter vacation payment (payable in the first week of June 2017), the New York City District Council of Carpenters Welfare Fund (the “Welfare Fund”) is implementing a mandatory debit card payment program for all vacation benefits. The implementation of this program will help eliminate lost, stolen, or mis-delivered benefits, speed up the process by which your vacation payments become available to you, reduce administrative costs for the Fund Office, and improve operating efficiencies, with the primary goal of providing quality services to the membership.

The implementation of this program will consist of having members eligible for vacation benefits paid via a rapid! PayCard Debit MasterCard. This method will allow members to have vacation payments loaded onto a personal debit card.

Being a rapid! PayCard cardholder will provide members eligible for vacation benefits with a number of advantages including:

• Convenient access to vacation benefits, even while away
• No paycheck cashing fees
• No more wasted time waiting for your vacation checks to arrive in the mail
• No lost checks

Keep in mind that, if you are eligible, you will automatically receive a rapid! PayCard Debit MasterCard prior to your June 2017 vacation payment, and any future vacation benefits available to you will be paid through the card moving forward.  All members eligible for vacation benefits will receive further notification concerning this change in the coming weeks.

*Please note that receiving a paper vacation check will no longer be an option under this program. (Your vacation payment due in March 2017 will be your last paper check.) 

If you would like to learn more about rapid! PayCard, you can visit their website at www.rapidpaycard.com.