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 Employer News

NYCDCC Pension Fund 104(d) Notice to Contributing Employers- April 2017

April 24, 2017
To view the NYCDCC Pension Fund 104(d) Notice to Contributing Employers, please click the link below. NYCDCC Pension Fund 104(d) […]

FASB Notice- 2017

January 9, 2017
To view the 2017 FASB notice for the NYCDCC Pension Plan, please click the link below. FASB Notice January 2017

ACA: Large Employer Reporting Requirements for 2017

January 9, 2017
The following memorandum provides a brief summary of upcoming reporting requirements for employers under the Patient Protection and Affordable Care […]

The NYCDCC Benefit Funds Welcomes New Executive Director, Chief Financial Officer

June 29, 2016
After an exhaustive year-long search, the NYCDCC Benefit Funds, on behalf of the Board of Trustees, is pleased to announce […]

NYCDCC Pension Fund 104(d) Notice to Contributing Employers- April 2016

April 26, 2016
To view the NYCDCC Pension Fund 104(d) Notice to Contributing Employers, please click the link below. NYCDCC Pension Fund 104(d) […]

FASB Notice- 2016

January 6, 2016
To view the 2016 FASB notice for the NYCDCC Pension Plan, please click the link below. FASB Notice January 2016

ACA: Large Employer Reporting Requirements for 2016

October 28, 2015
The following memorandum provides a brief summary of upcoming reporting requirements for employers under the Patient Protection and Affordable Care […]

Note for Employers Concerning Holiday Schedules

June 30, 2015
Note for Employers: The holiday schedule located on our Contact Us page is the NYCDCC Benefit Funds’ Office holiday schedule. […]

Memo to Participating Employers: Minimum Value & Affordability 2015

January 14, 2015
To view the 2015 Minimum Value & Affordability memo, please click the link below. Minimum Value and Affordability Memorandum to […]

FASB Notice- 2015

January 12, 2015
To view the 2015 FASB notice for the NYCDCC Pension Plan, please click the link below. FASB Notice January 2015

FASB Notice

January 9, 2014
As you may know, in July 2011, the Financial Accounting Standards Board (“FASB”), an independent board which establishes standards of […]

FAQs

Where can I obtain information regarding the New York City District Council of Carpenters Welfare Fund’s compliance with the Patient Protection and Affordable Care Act of 2010?
Show Answer
To view the 2015 Minimum Value & Affordability memo, please click here: Minimum Value and Affordability Memorandum to Participating Employers 2015
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Where do I obtain a copy of the Participant Vouchers?
Show Answer
It is a requirement of the Collective Bargaining Agreement that employers send Participant Vouchers to all participants once a remittance report is funded. If you report via URBAN you can print the vouchers by choosing the option to view and/or print Participant Vouchers for each participant from a funded remittance report. Once the money has been cleared with the bank, the vouchers will be available for print.
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Who is responsible for the Working Dues/PAC for the members?
Show Answer
The employer is responsible for deducting the authorized Dues/PAC via their payroll system and ensuring that the payroll deduction agrees with the URBAN remittance or manual check. For more information on Working Dues and calculations, please contact the Assessments Department of the District Council at (212) 366-7375.
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Where can I obtain information regarding complying with the disclosure requirements of the Financial Accounting Standards Board?
Show Answer
To view the 2017 FASB notice for the NYCDCC Pension, please click here: FASB Notice- 2017
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How do I pay contributions through I-Remit?
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How do I obtain a job number so I can report benefits?
Show Answer
Call the District Council’s Job Tracking Hotline at (212) 366-7509.
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How can my company update its contact information?
Show Answer
Contact the Employer Assistance Department of the Benefit Funds office at (212) 366-7386.
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What are the current wage and benefit rates for NYCDCC Carpenters?
Show Answer
For information on current wage and benefit rates, please contact the Agreements Department of the District Council at (212) 366-7448.
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How do I obtain a copy of the Funds’ Collection Policy?
Show Answer
My Company overpaid contributions. How do I get a refund?
Show Answer
All refund requests must meet the Funds’ requirements for a refund and must be approved by the Board of Trustees. Please contact the Employer Assistance Department of the Benefit Funds office at (212) 366-7386 to make your request.
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Do the Funds charge employers for audit costs?
Show Answer
The Collection Policy adopted by the Board of Trustees sets forth the circumstances in which employers are required to pay audit fees.  Audit fees are only required if the employer‘s delinquency exceeds a certain threshold or if legal action is required.
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How often will my company be audited?
Show Answer
The Trustees are authorized to audit companies at any time.  Most companies are audited  every two years.  However, depending on the circumstances, the timing may be different.
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How do the Funds calculate interest on delinquencies?
Show Answer
Interest is calculated at Citibank Prime Rate plus two percent per annum.
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Why is my company being charged interest?
Show Answer
It’s mandated by ERISA.
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What is late payment interest and how is it calculated?
Show Answer
Late payment interest is interest that accrues on late-paid contributions. It is assessed once contributions are more than seven days late.
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When are contributions due?
Show Answer
Contributions are due on the date specified in your CBA.  If your CBA is silent on the due date, contributions are due seven days after the end of the payroll week.
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Where can I obtain a copy of my Collective Bargaining Agreement?
Show Answer
If you need a copy of an Agreement or signature pages, contact the Agreements Department of the District Council at (212) 366-7448.
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*Disclaimer: The Funds have prepared these informal answers to frequently asked questions for the convenience of our participants and contributing employers.  The Funds have made every effort to provide accurate answers, but they are not legally binding and do not address every possible situation.  The Collection Policy, Trust Agreements, and Collective Bargaining Agreements are official legal documents and supersede any inconsistent statements herein.

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