The Contingency Fund is used to:
Provide Legal Assistance to members of the Union
Payment to members during strike action approved the Executive Committee
Payment to members arising from dismissal or suspension from employment where approved by the Executive Committee
Financing of local disputes approved by the Executive Committee/Congress.
The Contingency Fund at present has funds in excess of €570,000. It is hoped that the existence of this fund will obviate the necessity for levies on members to finance disputes of a local nature.
In the absence of disputes the money in the contingency fund accumulates to provide capital to fund strikes.