Where do I obtain a copy of the Participant Vouchers?
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.
Who is responsible for the Working Dues/PAC for the members?
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.
Where can I obtain information regarding complying with the disclosure requirements of the Financial Accounting Standards Board?
To view the 2017 FASB notice for the NYCDCC Pension, please click here: FASB Notice- 2017
My Company overpaid contributions. How do I get a refund?
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.
Do the Funds charge employers for audit costs?
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.
How often will my company be audited?
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.
How do the Funds calculate interest on delinquencies?
Interest is calculated at Citibank Prime Rate plus two percent per annum.
Why is my company being charged interest?
It’s mandated by ERISA.
What is late payment interest and how is it calculated?
Late payment interest is interest that accrues on late-paid contributions. It is assessed once contributions are more than seven days late.
When are contributions due?
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.
Where can I obtain a copy of my Collective Bargaining Agreement?
If you need a copy of an Agreement or signature pages, contact the Agreements Department of the District Council at (212) 366-7448.
*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.