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NYSDOL Annualization of Fringe Supplements: What are the rules?

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 NYS prevailing wage (PW) fringe supplement rate. In effect, annualization means that NYS PW fringe supplements cannot be used to subsidize benefits on private work. In practice, you’ll want to know which benefits count toward the credit, how to treat Davis-Bacon fringe...