Agenda - Council - 06/27/2017 - Laserfiche WebLink

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01/10/2017 THE FOLLOWING APPENDICES ARE FOR EXPLANATORY PURPOSES ONLY. FOR SPECIFIC QUESTIONS, PLEASE CONTACT LCU.139 APPENDIX A SALARIED WORKER WAGE COMPUTATION Salaried Workers. In order to convert the Worker's salary into an hourly rate of pay, divide the employee's weekly, bi-weekly or monthly earnings by the total number of hours Worked (government and non -government), including overtime hours for the time period used.'4o $800.00 (weekly salary) / 40 (total weekly hours) = $20.00 $1,600.00 (bi-weekly salary) / 80 (total bi-weekly hours) = $20.00 $3,200.00 (monthly salary) / 160 (total monthly hours) = $20.00 APPENDIX B FRINGE BENEFIT CREDIT Fringe Benefit Credit Calculation. The Employer contributes monthly ($600.00) for medical insurance on behalf of a Worker. In order to calculate the projected hourly credit that the Employer can take, the Employer should: (1) add the monthly contributions for each Worker, (2) multiply by twelve (12) months, and (3) divide the total cost of the benefit by the total hours worked (government and non-government)141 (see annual example below). Quarterly and monthly examples are also provided. Annual: ($600.00) x (12 months) = $7,200.00 ($7,200.00) / (2080 hours) = $3.46 ner hour credit Quarterly: ($600.00) x (3 months) = $1,800.00 ($1,800.00) / (520 hours) = $3.46 ner hour credit Monthly: ($600.00) x (1 month) = $600.00 ($600.00) / (173 hours) = $3.47 ner hour credit End of Year Self -Audit. At the end of the calendar year, the Contractor must conduct an audit to determine if the hourly fringe benefit credit taken for each Worker was accurate. The Contractor must calculate the total annual fringe benefits paid on behalf of each Worker and divide that amount by the total number of hours worked (government and non -government) by that Worker. If the hourly fringe benefit credit was less than what was reported on a CPR, the contractor must compensate the Worker the hourly difference, multiplied by the total hours worked under the Contract. APPENDIX C APPRENTICE RATE OF PAY State Requirements. The Apprentice must be compensated according his/her level of progress, which is expressed as a percentage of the Journeyworker wage that is established in the program. Journeyworker Wage Established in Program = $25.00 Annrentice Level of Progress = 60% ($25.00) * (.60) = $15.00 139 lcusunnort.dot(o state.mn.us or (651) 366-4238 14° United States Department of Labor Field Operation Handbook, Section 15f08 141 United States Department of Labor Field Operation Handbook, Section 15f12 14-A