65% 70% 75% 80% 85% 90% 95% WAGES (php) $65.88 $69.88 $71.88 $73.88 $42.82 $46.12 $49.41 $52.70 $56.00 $59.29 $62.59 Employer Contributions Zone 5 Vacation 15% (php) $9.88 $10.48 $10.78 $11.08 $6.42 $6.92 $7.41 $7.91 $8.40 $8.89 $9.39 Zone 5 Annuity 17% (php) $11.20 $11.88 $12.22 $12.56 $7.28 $7.84 $8.40 $8.96 $9.52 $10.08 $10.64 Zone 5 Health & Welfare 1% (php) $0.66 $0.70 $0.72 $0.74 $0.43 $0.46 $0.49 $0.53 $0.56 $0.59 $0.63 Zone 5 Scholarship Fund 0.5% (php) $0.33 $0.35 $0.36 $0.37 $0.21 $0.23 $0.25 $0.26 $0.28 $0.30 $0.31 Zone 5 Industry Promo Fund 0.5% (php) $0.33 $0.35 $0.36 $0.37 $0.21 $0.23 $0.25 $0.26 $0.28 $0.30 $0.31 Pension (php) $18.18 $18.99 $19.78 $20.59 $11.81 $12.72 $13.64 $14.52 $15.45 $16.36 $17.27 Health & Welfare (php) $7.07 $7.07 $7.07 $7.07 $7.07 $7.07 $7.07 $7.07 $7.07 $7.07 $7.07 M.O.S.T. Trust (phw) $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 $0.34 Apprentice Fund (phw) $1.15 $1.15 $1.15 $1.15 $1.15 $1.15 $1.15 $1.15 $1.15 $1.15 $1.15 TOTAL PACKAGE $115.02 $121.19 $124.66 $128.15 $77.75 $83.08 $88.41 $93.70 $99.05 $104.37 $109.70 PAYCHECK DEDUCTIONS AFTER TAXES Zone 5 Vacation (see above) $9.88 $10.48 $10.78 $11.08 $6.42 $6.92 $7.41 $7.91 $8.40 $8.89 $9.39 Employee Contributions Building Fund (php) $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 Training Fund (php) $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 PAC Fund (php) $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 $0.25 M.O.R.E. Fund (phw) $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 $1.00 Field Dues (all classifications) LEAP (all classifications) Boilermakers Local 5 Zone 5 Rate Sheet, Jan 1 2023 – Dec 31 2023 Last revised 11/29/2022 WAGE RATES AND BENEFITS FOR NEW AND REPAIR WORK Asst. Apprentices Foreman Gen. Foreman Journeyman Foreman CLASSIFICATION Request remittance forms from boilermakerslocal5@verizon.net. Failure to transmit Field Dues, employer and employee contributions by the 15th day of the following month will result in a fee of 5% Liquidated Damages and a 12% Interest Fee. If referred to legal for collection, Liquidated Damages will increase to 12%. Employer must make the necessary deduction in wages and cover employees under Section 204 of the New York State Disability Law. BOILERMAKERS LOCAL 5, ZONE 5 Office: 516-326-2500, Fax: 516-326-3435, Email: boilermakerslocal5@verizon.net Covering all five boroughs of New York City and the counties of: Nassau, Suffolk, Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster, and Westchester The following rates are effective January 1, 2023 through December 31, 2023 (Dollar values on % of gross wages benefits rounded off for bidding purposes) KEVIN O’BRIEN, ASSISTANT BUSINESS MANAGER 0.10% of gross wages calculate on WAGES only; do not include any of the Employer/Employee contributions 6.75% of gross wages
