FRINGE BENEFITS AND MISCELLANEOUS PAYMENTS Sample Clauses

FRINGE BENEFITS AND MISCELLANEOUS PAYMENTS. Section 1 - Welfare Fund The Employer shall pay into a Health and Welfare Fund, established in accordance with the understanding and agreements between the parties hereto a sum equal to 16.0% of wages or guaranteed compensation which has been made to every Operating Engineer, Oiler and Apprentice Engineer employed by the Employer. In recognition of the serious Non-Union competition, it is understood that the Business Manager of Local 542, for the purpose of making the Employer more competitive, may reduce the contributions required by this Collective Bargaining Agreement to be paid into the Health and Welfare Fund with respect to certain specified hours on particular jobs known as "Pin Pointing". It is further understood that such "Pin Pointing" may be made only with respect to non-prevailing jobs. Remittance reports shall be made by the Employer on forms provided for that purpose and may be combined with the reports made to the Pension Fund (Section 2), and the Apprentice Fund (Section 3), and the Supplemental Unemployment Benefit Fund (Section 4), Annuity Fund (Section 5 and 5A) Industry Fund (Section 6) and the Check-off (Section 8). The remittance for the Welfare, Pension, Apprentice, Supplemental Unemployment Benefit Fund, and Annuity Fund may be combined in one (1) check. Effective May 1, 1994, the combined rate of Contribution is listed Surcharges plus 29.5% of wages as follows: WELFARE - 16.0% PENSION - 10.5% APPRENTICE - 1.0% SUPPLEMENTAL UNEMPLOYMENT BENEFIT FUND - 2.0% A separate remittance must be made for the Union Check-off (Section 8) in the sum of 3.9% of wages, and a separate remittance must be made for the Industry Fund (Section 6). Remittance reports shall include the name of the Employee, social security number, the number of hours worked by each Employee during each of the pay periods covered by the report, and total compensation paid. Wages will include all guaranteed compensation made to every Operating Engineer, Oiler, and Apprentice Engineer employed by the Employer and shall include overtime compensation. Reports and payments shall be made monthly and not later than the fifteenth (15th) day of the month following the period covered by such reports.
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Related to FRINGE BENEFITS AND MISCELLANEOUS PAYMENTS

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