Common use of Building Fund Clause in Contracts

Building Fund. The above deduction is a part of the employee’s gross earnings. Such deduction shall be subject to all Federal, State and local income and FICA tax withholdings. The Employer shall remit to the depository the gross amount as computed under this Section without regard to such Federal, state and local income and FICA tax withhold- ings. The Building Fund deductions shall be paid monthly up to and including the last payroll date in each and every calendar month on or before the fifteenth day of the following month. The deductions are to be as stated on forms provided by the Building Fund, or other acceptable forms. In the event Building Fund deductions remain un- paid on the thirtieth day of the month in which they are required to be paid, an additional charge of fifteen per- cent (15%) of the amount of the deductions due must be paid by the Employer. Every employer shall make available to the Building Fund any and all records of the covered employees that the Building Fund may require in connection with the sound and efficient operation of the Building Fund.

Building Fund. The above deduction is a part of the employee’s gross earnings. Such deduction shall be subject to all Federal, State and local income and FICA tax withholdings. The Employer shall remit to the depository the gross amount as computed under this Section without regard to such Federal, state and local income and FICA tax withhold- ings. The Building Fund deductions shall be paid monthly up to and including the last payroll date in each and every calendar month on or before the fifteenth day of the following month. The deductions are to be as stated on forms provided by the Building Fund, or other acceptable forms. In the event Building Fund deductions remain un- paid on the thirtieth day of the month in which they are required to be paid, an additional charge of fifteen per- cent (15%) of the amount of the deductions due must be paid by the Employer. Every employer shall make available to the Building Fund any and all records of the covered employees that the Building Fund may require in connection with the sound and efficient operation of the Building Fund. Effective June 1, 2020, the Building Fund deduction is $0.00. The Union reserves the right to increase the deduction effective June 1 of any future year in an amount to be determined by the Union.