LOST EARNINGS CHARGE Sample Clauses

LOST EARNINGS CHARGE. In addition, the delinquent contributions and withholdings shall bear a lost earnings charge computed as interest at the rate of 1.5 percent for each full or partial month, commencing with the first of the month following the due date, until they are paid. The Joint Conference Committee is hereby authorized to assess and order payment of the liquidated damages, lost earnings charges and collection expenses provided for herein.