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.
Category: Collections
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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.
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How do the Funds calculate interest on delinquencies?
Interest is calculated at Citibank Prime Rate plus two percent per annum.
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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.
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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.