Determining Contribution Amount
Reporting for Bargaining Unit Employees
Reporting for bargaining unit employees is very simple. The NEBF
℠ contribution amount is 3% of the employee’s
gross labor payroll.
Reporting for Non-Bargaining Unit Employees
Regardless of the type of participation agreement the contributing employer has there are two important things to remember:
- Actual hours for the reporting period must be reported for each non-bargaining unit employee.
- Actual or capped gross earnings for the reporting period must be reported for each non-bargaining unit employee.
Reporting for Working Owners
Determining the "Cap" Wage
To determine the "Cap" Wage for your area – you can use our
Wage Cap Calculator or manually calculate using the following formula:
JWR x Hours in the CBA x 52 weeks divided by 12 months
Once you have determined the "Cap" Wage for your area, ask this question:
"Is the employee making under the Cap Wage?"
|
YES
Use actual wages to
calculate NEBF℠ 3%
|
NO
Use the formula above
to calculate NEBF℠ 3%
|