Apprentice Training Funds are welfare benefit funds that offer specialized training to current participants of a trade and unskilled future participants who want to learn the trade. An Apprentice Training Fund is usually funded by employers' contributions based on set hourly contributions for work performed by current participants.
Training periods vary depending on the specific program, but the school year is usually based on a fall and spring semester. Apprentices usually do not pay for their training. However, some Apprentice Training Funds require the apprentice to sign a loan agreement that sets forth a repayment schedule should the apprentice not enter the trade after graduation or terminate training before becoming certified.
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