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Pennsylvania bonds

Pennsylvania — IBEW Local No. 81 Wages And Fringe Benefits Bond

Prepare the Local 81 employer wage/fringe request with the Pennsylvania electrical agreement and payment schedules. Purchase Now opens the provider application.

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

What this bond does

The required instrument identifies the employer wage and fund remittance obligations secured, rather than the completion of electrical work.

Who needs it
The employing business furnishing security for the particular Local 81 demand.
Who it protects
Use the complete required wage, fund or trustee beneficiaries. A payroll schedule does not supply every legal recipient or employee insurance benefit.

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.

Separate payment periods from the bond's effective dates

Bring the current payroll and contribution schedules with the actual security request. A reporting period in those records does not establish the duration or effective date of the required instrument.

Keep employer payment duties and the application sequence clear. Starting the application neither settles wages and contributions nor establishes that a project's construction payment bond meets the local demand.

Sources

Have these ready

  1. Employer legal identity and Local 81 agreement.
  2. Current wage/fringe security demand and required form.
  3. Applicable payroll and contribution reporting periods.
  4. Full beneficiaries, requested sum and bond dates.
  5. Post-issuance execution and submission instructions.

Questions about this bond

Is the reporting period the bond term?

Use the requested instrument's dates. A payroll or fund reporting period alone does not establish the bond's duration.

Should I assume one recipient for wages and fringes?

Follow the full required beneficiary wording. Payroll payments and fund remittances may identify different interests in the actual request.

Is this also ERISA fidelity protection?

Employer labor payments differ from protection against dishonest handling of plan assets. The wage/fringe demand does not establish plan fidelity compliance.

How do I apply?

Purchase Now takes you to Propeller in a new tab. Provide the employer and complete Local 81 request. Review any issued document and complete required execution and recipient delivery. Applying is not acceptance.

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