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Pennsylvania bonds

Pennsylvania — IBEW Local No. 98 Wages And Fringe Benefits Bond

For the Local 98 employer wage/fringe request, take the current Pennsylvania agreement and fund instructions into the application. Purchase Now opens the provider.

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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 wages and fringe remittances secured, not the quality or completion of electrical work.

Who needs it
The employing business asked to furnish the Local 98 payment undertaking.
Who it protects
Use the full required wage, fund or trustee beneficiaries. A wage table alone does not establish the entire fund recipient schedule or employee insurance coverage.

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.

Keep the required form with the payment schedules

Bring the bond demand as well as the payroll and contribution instructions. Schedules help describe the employer payments, while the required instrument supplies the legal parties and undertaking to match.

Do not treat a construction project's payment bond as automatically equivalent to the union wage/fringe request. Employer agreement duties continue while security is arranged.

Sources

Have these ready

  1. Legal employer and Local 98 agreement.
  2. Current wage/fringe demand and required form.
  3. Applicable payroll and fund reporting schedules.
  4. Complete legal recipients, requested amount and dates.
  5. Any execution and delivery required after issuance.

Questions about this bond

Is a wage schedule enough to identify the undertaking?

Use the required form and full fund demand too. Payroll rates do not establish every legal beneficiary or contribution obligation.

Does applying settle the wages and fringes?

The employer's payments and reports remain due under the applicable agreement. Starting online does not discharge those duties.

Does this provide ERISA fidelity protection?

Protection for dishonest handling of plan assets is separate from employer wage and fringe payment security. The labor demand does not determine a plan's fidelity compliance.

How do I apply online?

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

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