NYSDOL Annualization of Fringe Supplements: What are the rules?
May 01, 2020
If you’ve determined that New York State Department of Labor (NYSDOL) annualization regulations indeed apply to you, you may be asking yourself, “What do I do next?” On the surface it’s simple. “Annualization” refers to the time period over which employer contributions are divided by to calculate an hourly credit that applies toward the stated […]
NYSDOL Annualization of Fringe Supplements: Does it apply to me?
April 16, 2020
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 […]
Wage Theft Prevention Act
March 18, 2020
In April 2011, the NYSDOL put in place rigid requirements for notifying employees of pay changes, known as the Wage Theft Prevention Act (WTPA.) Then in 2015 after many employers voiced their concerns about the value and burden of these regulations, they loosened the notification requirements to essentially say that notification must be given upon […]