The Contingency Fund is used to:
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Provide Legal Assistance to members of the Union
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Payment to members during strike action approved the Executive Committee
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Payment to members arising from dismissal or suspension from employment where approved by the Executive Committee
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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.