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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...