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New York bonds

New York — IBEW Local No. 86 Wage And Fringe Benefits Bond

For a Local 86 employer wage and fringe request, keep the applicable New York agreement and current remittance details together. Purchase Now starts the provider application.

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Recorded state
New York
Bond type
Wage & Fringe Benefits Bond
Category
Employment, wages & benefits

What this bond does

The required Local 86 instrument sets out the employer wage and contribution payments being secured.

Who needs it
The employing electrical business asked to provide security for those agreement obligations.
Who it protects
Follow the form's complete union, fund or trustee wording. The local reference alone does not establish every recipient or the current contribution schedule.

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.

Use the reporting details applicable to this request

Bring the security demand with its relevant wage and fund instructions. A previously used wage book or another electrical local's remittance summary does not establish the current employer undertaking, dates or beneficiaries.

This payment security does not guarantee an electrical installation. It also differs from a project construction payment bond, employee insurance and ERISA fidelity protection for dishonest handling of plan assets.

Sources

Have these ready

  1. Employer legal identity and Local 86 agreement.
  2. Current wage/fringe demand and required form.
  3. Applicable payroll and contribution reporting details.
  4. Complete recipients, requested sum and effective period.
  5. Execution and recipient delivery instructions after issuance.

Questions about this bond

Can I reuse an older wage or contribution schedule?

Compare it with the actual employer demand and applicable agreement. This page does not establish that previous rates or dates remain current.

Does the bond replace wages and fund payments?

The employer must continue the required remittances and reports. Applying for security is not payment of payroll or fund arrears.

Does Local 86 have an amount or term listed here?

Neither is stated. Use the current employer request rather than another New York IBEW local's entries.

How do I continue?

Purchase Now takes you to Propeller in a new tab. Provide the employer and fund-request information. After issuance, review the bond and complete required execution and delivery. Recipient acceptance is separate from applying.

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