NEW YORK PREVAILING WAGE
FREQUENTLY ASKED QUESTIONS ON STATE PREVAILING WAGE
Whether you are just starting out as a prevailing wage contractor or just looking to keep yourself updated, we have compiled these resources about state prevailing wage. Here are the most common questions of prevailing wage contractors and workers to help expand your knowledge!
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Where can I find data about New York City’s prevailing wage rates?
Prevailing wage rates and benefits schedule for contractors who work in New York City for government contracts are published in the New York City Comptroller’s website. These rates are updated and published every 1st of July.
How is the hourly cash credit supplements provided in New York computed? Is there a formula for this?
a) Determine the actual annual contribution made for supplements for each employee.
b) Determine the total annual hours worked by each employee on both public and private work.
c) Divide the actual contribution or cost in (a) by the total number of hours worked in (b).
After determining the credit, the difference between the hourly credit amount and the supplement amount, if any, must Should there be a difference between the required supplement amount and the hourly credit amount once credit is determined, the same must be computed based on the employee’s weekly wages.
If the total hours worked by the employee is not and cannot be provided by the employer, the Commissioner of Labor will:
1. Divide the amount in (a) above by 2080 hours (8 hours per day x 5 days per week x 52 weeks); or
2. Divide the amount in (a) above) by 1820 hours (7 hours per day x 5 days per week x 52 weeks) where proof is provided establishing that the employee worked only 7 hours per day.
Should contributions to bona fide benefit plans be annualized in New York?
How can prevailing wage supplements be provided to New York prevailing wage workers?
1. Paid in cash
2. Through irrevocable contributions to a bona fide fund, plan or program
3. Combination of the first two methods
Are contractors and subcontractors required to submit payroll records in New York?
Where can we get prevailing wage forms in New York?
Are there any documentary requirements for prevailing wage contractors in New York?
Can my fringe obligation be reduced through training apprentices? If yes, how is the cost of training be determined?
Where can I find apprentice rates applicable in New York?
Is there a requirement when I pay for apprentice rates in New York?
Does New York have any required hourly training rate that I must pay even if my company doesn’t hire apprentices?
What are the requirements if I will hire apprentices in New York?
Does New York require training of apprentices?
Where can I find any corrections and updates in the annual determination for New York?
You can find any update and changes in the changes and/or corrections section of the Bureau of Public Works website.
Any error corrections or updates in the annual determination will be posted to the Department’s website on the first business day of each month. You are then required to pay for these updated rates, retroactive to July 1st.
Does the state of New York increase prevailing wage requirements? If yes, is there a record of the increase’s effectivity date?
Is there a record of all the appropriate New York prevailing wage decisions and updates?
The Bureau of Public Works website has the complete list for all wage decisions to be utilized by each locality. Prime contractors are required to provide subcontractors with Prevailing Wage and supplements schedules. It is a violation for any contractor to fail to provide to its subcontractor a copy of the schedule of wages and supplements, as specified in the contract.
How are New York’s prevailing wage rates determined?
How often are the prevailing wage rates reviewed and determined in New York? When do updates take effect?
The prevailing rate of wages and supplements are determined annually. This is done every 1st of July of each year and are effective through June 30 of the next year.
Which government agency handles compliance and enforcement of prevailing wage in New York?
What state entities govern prevailing wage requirements in New York?
KNOW MORE ABOUT NEW YORK’S PREVAILING WAGE REGULATIONS FROM ARCHER JORDAN
Each state and city has its own prevailing wage regulations and requirements that may be unique to them. As a contractor, it can be overwhelming to study these laws and provisions.
To make sure that you have everything covered in terms of your workers’ prevailing wage and supplements, work with ARCHER JORDAN. Our team will make sure that your business will be compliant to each state and municipality regulations, and you can focus in the implementation of your public works projects.