GMR has been actively involved with the Associated Builders and Contractors of NY Skilled Trades Explorer Post for a number of years. The program is a unique opportunity to learn more about trades which include:

Masonry
Carpentry
HVAC
Project Management
Drywall
Plumbing
Electrical

Exploring is a career education program for young men and women ages 14 through 20.  You will participate in hands on projects on site with local contractors from each trade. You will be able to receive advice and guidance to help you take the steps now to position yourself for a successful career in the skilled trades. 

The program consists of one two hour session each month, Oct-May except January, with one contractor hosting each session devoted to their respective specialty. 

the 2015-16 introductory meeting will held on October 6, 2015 at Hope Hall. A $25 fee is payable at the kick-off meeting by those who decide to enroll. Please see the below flyer for those who are interested or know someone who could be interested for more details. 




NYSDOL Annualization of Fringe Supplements: Does it apply to me?

Let’s take a look.  According to the New York State Department of Labor (NYSDOL,) employers have three options when it comes to providing NYS prevailing wage (PW) fringe supplements:

1 -  Pay the PW fringe supplements as cash in the paycheck, along with the required prevailing wage base rate.  Fringe supplements paid to an employee as cash are not subject to the annualization calculation.  The NYSDOL defines “cash” as money given to the employee in a paycheck (reportable on an IRS Form W2) subject to all employee taxes (i.e., federal and state income tax) and subject to “burden” (i.e., FICA, possibly SUI.)  Be careful, NYS prevailing wage fringe supplements deposited into a fully vested, qualified retirement plan are not considered to be a cash payment of the fringe supplements by the NYSDOL and are subject to NYSDOL annualization regulations.

2 - Use the fringe to provide a bona fide benefit plan for the employee, or

3 - A combination thereof.
(http://www.labor.state.ny.us/workerprotection/publicwork/PW_faq6.shtm#11)


If you are using NYS prevailing wage fringe supplements in part or in total to provide bona fide fringe benefits, NYSDOL annualization regulations probably apply.  It’s an easy question to answer with the simple flow chart below:


If you are not subject NYSDOL annualization regulations, Congratulations!  Just remember, you are not taking full advantage of prevailing wage fringe supplements to purchase benefits you provide to your employees, and, the answer may change state to state and even in NY if you are working under the Davis-Bacon Act or for HUD.

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