Wage Welfare ($10,000) Bond - District Council of Iron Workers in California

Brief Summary

When the iron workers trust funds or your agreement ask for a $10,000 wage and welfare bond, the union can hold back crews until it is posted. A surety bond covers the requirement for a yearly premium, so the $10,000 stays in your operating account.

This $10,000 bond runs in favor of the District Council of Iron Workers of the State of California and Vicinity and its affiliated trust funds. It guarantees that a signatory employer pays ironworker wages and the fringe benefit contributions owed to the trust funds. The bonding duty comes from Section 22 of the Iron Worker Employers master agreement, and the trust funds administer it.

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How to Apply for a Wage Welfare ($10,000) Bond:

• Get the required bond amount, obligee name and delivery address from the trust fund office in writing.
• Have the employer legal name exactly as it appears on your signed agreement.
• Complete the bond application and review the quoted premium.
• Pay the premium and receive the signed $10,000 bond.
• Deliver the bond before the deadline the trust funds or District Council give you.

Detailed Information About the California Wage Welfare ($10,000) Bond:

Where the bond requirement comes from

Section 22 of the agreement between the Iron Worker Employers of California and part of Nevada and the District Council of Iron Workers requires an employer to post a surety bond, or a cash bond, before starting covered work. The bond secures payment of wages and of contributions to the trust funds named in the agreement. The base amount in the 2020 to 2024 agreement is $25,000.

Additional bonds for late payers

Section 22 also lets the Trust Fund Delinquency Committee require an additional bond from an employer that falls behind on contributions, in an amount the committee decides. An employer that has gone 24 consecutive months without a delinquency is exempt from having to increase its existing bond. Bonding is administered under the California Field Iron Workers Labor Management Cooperative Trust.

Confirm your amount in writing

The $10,000 figure on this page is the amount listed for this bond. Before the bond is issued, get the required amount, the exact obligee wording and the delivery address from the trust fund office or the District Council in writing, and match the employer name to your signed agreement.

What happens if it is missing

The agreement allows the union to refuse to refer ironworkers to an employer that has not complied, and to pull workers already on the job.

Contribution deadlines

Contributions are due on the 15th of the month after the month the work was paid or performed, and they become delinquent if the trust funds have not received them by the 25th.

Eligibility and Requirements for a California Wage Welfare ($10,000) Bond:

• Bond amount of $10,000 as listed.
• District Council of Iron Workers and its trust funds as obligee, using their required wording.
• Bond secures wages and trust fund contributions.
• Employer name matching the signed agreement.
• Owner and company credit review, which mainly sets the premium.

California Wage Welfare ($10,000) Bond FAQs:

Official and Additional Resources for the California Wage Welfare ($10,000) Bond: