Statement of Employer Fringe Benefit Payments Sample Clauses
The Statement of Employer Fringe Benefit Payments clause outlines the employer's obligation to disclose and document all payments made toward employee fringe benefits. Typically, this clause requires the employer to provide a detailed record of contributions to benefits such as health insurance, retirement plans, or other non-wage compensations, often on a periodic basis or upon request. Its core function is to ensure transparency and accountability in the administration of employee benefits, helping to prevent disputes and misunderstandings regarding the scope and fulfillment of benefit obligations.
POPULAR SAMPLE Copied 7 times
Statement of Employer Fringe Benefit Payments. Within five (5) calendar days of signing the Contract or Subcontract, as applicable, the Statement of Employer Payments (DLSE Form PW 26 from the State Department of Industrial Relations) shall be completed for each Contractor and Subcontractor of any tier who pays benefits to a third party trust, plan or fund for health and welfare benefits, vacation funds or makes pension contributions. The form must contain, for each worker classification, the fund, plan or trust name, address, administrator, the amount per hour contributed and the frequency of contributions. Training fund contributions shall also be reported in this form. City reserves the right to require Contractors and Subcontractors to submit a copy of said forms to the City.