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Maryland bonds

Maryland — IBEW Local No. 24 Wages And Dues Bond

Prepare the IBEW Local 24 employer Wages and Dues request with the Maryland agreement and actual dues-remittance instructions. Purchase Now opens the application.

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Recorded state
Maryland
Bond type
Wage, Welfare & Union Benefits Bond
Category
Employment, wages & benefits

What this bond does

The required instrument identifies the employer wage and dues payment undertaking. Dues does not automatically mean every welfare or pension contribution.

Who needs it
The employing electrical business responsible for the payments named in the Local 24 security demand.
Who it protects
Use the complete wage and union recipient designations required by the form, including any other beneficiaries it actually names. This is not employee benefit insurance.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Retain dues instructions instead of a generic fringe schedule

Bring the payroll and dues-remittance references with the agreement and bond demand. Do not substitute an assumed welfare-fund schedule or infer contribution rates and payroll deduction authority from Wages and Dues.

The specific employer undertaking must match the required instrument. A project construction payment bond does not automatically establish the same union payment obligation.

Sources

Have these ready

  1. Employer legal identity and Local 24 agreement.
  2. Current Wages and Dues security demand.
  3. Payroll and applicable dues reporting/remittance instructions.
  4. Full required recipients, instrument, sum and period.
  5. Any execution and recipient delivery required after issuance.

Questions about this bond

Does Dues include all benefit funds?

Use the actual instrument for secured payments and beneficiaries. Do not turn a dues reference into an all-fund welfare or pension promise.

Does this page authorize a payroll deduction?

No deduction method or authorization is established here. Follow the employer's applicable agreement and actual remittance instructions.

Is this plan-asset fidelity protection?

ERISA fidelity concerns dishonest handling of plan assets, a different risk from employer wage/dues payments. The dues label does not establish a plan or its fidelity requirements.

Where do I begin?

Purchase Now takes you to Propeller in a new tab. Enter the employer and full Local 24 request. Review any issued document and complete required execution and submission. Applying does not establish recipient acceptance.

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