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

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01/10/2017 APPENDIX D PREVAILING WAGE OVERTIME CALCULATION Overtime Hourly Rate of Pay. Here is the formula to calculate the required minimum overtime.t42 OT = (PW * .5) + (HW) + (RF) + (F) Definition of OT Acronyms OT: overtime. PW: the basic hourly prevailing wage rate established in a federal and/or state prevailing Wage Decision. HW: hourly wage rate paid to a Worker. RF: remaining fringe, which means the difference between the Contract hourly Fringe Benefit rate and the actual hourly Fringe Benefit rate paid by the Contractor to a third party on behalf of a Worker. F: Fringe Benefit contributions that are bona -fide and contributed by an Employer to a third party on behalf of a Worker. The Total Prevailing Wage Rate for a Worker is $30.00, which is comprised of an hourly basic rate of $20.00 and an hourly fringe rate of $10.00. The table below includes various hourly basic and Fringe Benefit payments that a Contractor could potentially make to a Worker. OT CALCULATION FORMULA AND EXAMPLES OT = (PW * .5) + (HW) + (RF) + (F) Hourly Fringe Payment To Ernlovee Frin Fringe Total Wage Benefits Payment Payment Paid Paid (PW * .5) + (HW) + (RF) + (F) = OT $ 20.00 $ 10.00 ($ 20.00 * .5) + ($ 20.00) + ($ 0.00) = $ 30.00 + $ 10.00 = $ 40.00 $ 18.00 $ 12.00 ($ 20.00 * .5) + ($ 18.00) + ($ 0.00) = $ 28.00 + $ 12.00 = $ 40.00 $ 22.00 $ 8.00 ($ 20.00 * .5) + ($ 22.00) + ($ 0.00) = $ 32.00 + $ 8.00 = $ 40.00 $ 30.00 $ 0.00 ($ 20.00 * .5) + ($ 30.00) + ($ 0.00) = $ 40.00 + $ 0.00 = $ 40.00 $ 24.00 $ 4.00 ($ 20.00 * .5) + ($ 24.00) + ($ 2.00) = $ 36.00 + $ 4.00 = $ 40.00 Regarding the last example the Contractor would be required to pay an additional $2.00 to the Worker, which is wages in lieu of fringe for a straight time hourly rate of $26.00 not $24.00. A Contractor subject to the Fair Labor Standards Act (FLSA) may be subject to additional overtime compensation requirements. i 142 United States Department of Labor Field Operation Handbook, Section 15k 15-A