Employee Resources

Shutdown Savings Program

Shutdown Savings Request

Stratosphere Quality understands the value of providing an alternative funding solution for periods when customers are shut down. This program is designed to allow employees to defer wages from each paycheck, save the funds in a ‘shutdown account’ and receive payouts during scheduled shutdown times in July or December.

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1Your Information

2Deduction Details

The Shutdown Savings Program (SDS)

All employees can select a flat dollar amount to be deducted from each paycheck.

Employees complete and sign the ‘Shutdown Savings Program’ authorization form.
The funds are held in an account and paid out during scheduled shutdown times in July or December, or when the employee leaves the company.
Contributions made between December and July are distributed in July.
Contributions made between July and December are distributed in December.
Funds within the ‘Shutdown Savings’ accounts are distributed only during the scheduled payout periods and are not available at any other time.
- Locations without a scheduled shutdown can still participate in the plan. The scheduled payout dates remain the same.
Employees who are eligible for holiday pay would still receive the July 4th holiday pay.

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