INFORMATION FOR MEMBER EMPLOYERS
As defined in member employers’ collective agreements, payments and accompanying hours on which payment is based for the Pension and Welfare Trust Funds:
- Shall be due and payable no later than ten (10) days after the termination of the calendar month in which the hours were worked.
- For example, payments for hours worked in the month of May are due by June 10th.
- Cheques may be post-dated, but no later than the fifteenth (15th) of the month.
- There shall be a penalty of fifteen (15) percent per month for late remittances with a minimum of twenty-five ($25.00) dollars.
- A remittance is considered late if back-up hours reporting is received, but money is not, and vice-versa.
- The Employer concerned will not only remain liable to the said Trust Fund for the amount of any contribution not so paid, but shall be responsible for claim or benefits lost to the employee or employees by reason of the failure to make payment in the amounts and at the time provided herein.
- This above wording is stated within the collective agreements. It means that as a Member Employer, if you are late reporting hours to the Plan(s) and it results in loss of coverage (specifically for Welfare Plan coverage) for an employee due to their hour bank being depleted, you are responsible for any benefit/claims the employee incurs during that lost coverage period.
Hours must be reported in the format as required by the Welfare and Pension Plan. If you require a copy of the remittance report, please send a message to the general email box: email@example.com and request the Remittance Form.