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FASB Pension Disclosure Assistance -2019 Tax Year
OCA’s union collective bargaining agreements (CBAs), require signatory contractors to contribute money into multi-employer pension plans on behalf of their union employees. The plans provide benefits to union employees who may work for many employers during their careers, thereby enabling them to accrue benefits in a single retirement plan.
The Financial Accounting Standards Board (FASB), which sets accounting rules for U.S. companies, issued standards several years ago, requiring disclosures from employers participating in multi-employer pension plans (Accounting Standards Update 2011-09). The standards require contractors to report certain information on their financial statements for all multi-employer pension plans in which they participate.
OCA compiles a summary spreadsheet to assist contractor members with the required financial disclosures. Click on the following link for the 2019 OCA FASB Summary. (Download Spreadsheet) Employers remain solely responsible for the financial disclosures and will also need to determine the amount of their own contributions made to each plan and to all plans in the aggregate.
The spreadsheet can also be accessed on OCA’s website at www.ohiocontractors.org.
If you have any questions, please contact Mark Potnick in the OCA office at 614-488-0724.
Ohio Operating Engineers Accepting Apprenticeship Applications
The Ohio Operating Engineers Training Program is an industry sponsored and funded registered Apprenticeship Training Program. The sponsors of this program are the International Union of Operating Engineers, Local 18, the Ohio Contractors Association, and the Ohio Building Chapter of the Associated General Contractors. The Ohio State Apprenticeship Council and United States Department of Labor provide assistance and regulation to the Program.
Applications for entrance into the Apprenticeship Program will be accepted during the hours of 9:00 a.m. to 3:00 p.m. on the following dates:
» January 27, 28 and 29, 2020
» February 6, 7, and 8, 2020
Applications must be made at one of the four Ohio Operating Engineers Training Centers located in Cygnet, Logan, Miamisburg and Richfield Ohio.
For additional information about the Apprenticeship Program, the application process, maps and directions, please check their website at: www.local18training.com.
ODOT Announces Civil Rights Transportation Symposium Scholarships
In celebration of the 4th Annual Civil Rights Transportation Symposium, three $1,000 scholar¬ships will be awarded to three students currently enrolled in a post high school education focusing in STEM (Science, Technology, Engineering or Mathematics) related fields. The Civil Rights Transportation Symposium Scholarship focuses on broadening the number of individuals in the management and operation ranks of the engineering and transportation industry. Students will be selected by submitting an essay describing how the Civil Rights Act has impacted the transporta¬tion industry and the role it will play in the future; application and supplemental documentation.
Students must meet Scholarship eligibility requirements to be considered. Deadline for this scholarship is 11:59pm on April 24, 2020. The Scholarship awards will be presented May 21, 2020 at the Civil Rights Transportation Symposium.
Scholarship Guidelines
Scholarship Application
Employees and their immediate family members of the Ohio Dept. of Transportation are not eligible for participation.
Should you have any questions regarding the Civil Rights Transportation Symposium Scholarship or the 4th Annual Civil Rights Transportation Symposium, feel free to contact Maria Davila directly at (216) 584-2003 or [email protected].
Labor Department Releases Final Joint-Employer Rule
The U.S. Department of Labor (DOL) announced a final rule narrowing the definition of "joint employer" under the Fair Labor Standards Act (FLSA) and providing clarity to businesses about franchise and contractor relationships.
In its first significant update to the joint-employer rule in more than 60 years, the DOL created a four-factor balancing test to determine whether businesses share liability for federal FLSA wage and hour violations. The department will consider whether a business:
» Hires and fires employees.
» Supervises and controls employees' work schedules or conditions of employment to a substantial degree.
» Determines employees' rate and method of payment.
» Maintains employment records.
Businesses likely won't be deemed joint employers if they stay out of the day-to-day employment decisions of their contractors and franchisees.
"The changes in this final rule break down barriers that keep companies from constructively overseeing, guiding and helping their business partners," said Wage and Hour Division Administrator Cheryl Stanton. "For small business owners, and the employees working in those businesses, the relationship and the guidance coming from franchisors and other contracting companies can greatly improve the workplace and help them create jobs."
The final rule will take effect March 16.
ODOT Announces Additional Webinars on Subcontractor Payment Reporting on
ODOT-let Construction Projects
Attention prime contractors and subcontractors on ODOT-let construction projects: Prime contractors shall become compliant with Proposal Note 031 (“Prompt Payment”) by entering and signing all previously made subcontractor payments (on open projects) by February 1, 2020 and by entering and signing future subcontractor payments as they are made. The proposal note requires you to utilize the AASHTOWare Project Civil Rights & Labor (CRL) system to enter these payments. Entered payments must be signed in order for subcontractors/suppliers to affirm their receipt of the payments made. This webinar will feature a demonstration of how these payments are entered, signed, and affirmed as well as a live Q&A session.
Please register for the Subcontract Payment Reporting on ODOT-let Construction Projects webinar at one of the following dates/times (each webinar will cover the same content):
• Wednesday, January 29, 2020 2:00 PM EST: https://attendee.gotowebinar.com/register/2439586907785950477
• Wednesday, February 5, 2020 9:00 AM EST: https://attendee.gotowebinar.com/register/6730998383181732365
After registering, you will receive a confirmation email containing information about joining the webinar.
Trenching Safety Classes at OCA - 2/25/2020 and 3/20/2020
OSHA has stepped up enforcement of trenching & excavation safety requirements. Yet, Ohio workers continue to die in trenching failures. Ohio’s Bureau of Workers Compensation and construction associations around the state are conducting Trench Safety Days to bring greater awareness of trenching safety requirements and techniques. Yet, Ohio workers continue to die in trenching failures! Local prosecutors are now more likely than ever to step in and file criminal charges against owners and/or supervisors when employees are killed or injured in unsafe trenches. Yet, Ohio workers continue to die in trenching failures! When will it stop? What are you doing to ensure your employees are never exposed to an unsafe trench or excavation? OCA can help you answer that question. Our training course for trenching and excavation safety is the best opportunity you will ever have to educate your field supervisors, forepersons and employees in all aspects of trenching & safety compliance, enforcement and techniques. Take advantage of our winter “downtime” and get your employees registered for this critical safety training before the next construction season.
Click on the following link for additional information and a registration form. (Registration Form)
Online Registration:
February 25, 2020
March 20, 2020
ODOT Plan Reading Course March 13, 2020
OCA’s Chris Engle will be instructing this plan reading course once again. Before joining OCA, Chris spent 22 years with ODOT, with several years overseeing Construction in District 5. Training for this informative course covers reading, understanding and using ODOT plans. Includes sections, profiles, quantity take-offs, and relationships between components of the plans. The course is designed for someone who is just getting familiar with how to read plans. Includes lecture discussions and in-class use of plans. Class space will be limited. $125 OCA members / $150 non OCA members. Includes lunch. To register, visit our website at www.ohiocontractors.org or contact David Rule to register.
ODOT to Provide Training for Updated Commercially Useful Function (CUF) Requirements
ODOT will be offering training classes to inform contractors and consultants of the upcoming update to ODOT Policies and Procedures to address DBE Commercially Useful Function (CUF) requirements. This training will provide an overview of how ODOT identifies issues and red flags in order to ensure compliance. The training will also address new required documentation requirements by ODOT for CUF reporting on a project by project basis. There will be two sessions on February 10, 2020. For more information, click here.
Safety Training at OCA – Utility Damage Prevention
During OCA’s 2019 Winter Conference, our safety breakout session addressed the importance of avoiding unsafe and costly utility damages on your job sites. Contractors must train their crews at the point of service so that they know the requirements of Ohio’s Damage Prevention Laws, and how to properly plan and operate to avoid underground utility damage.
OCA has a strong presence on Ohio’s Underground Technical Committee (UTC) who works with the Public Utilities Commission (PUCO) to enforce Ohio’s underground damage prevention laws. The UTC and PUCO are experiencing more and more violations by both excavators and utility owners for not following the law. Fines and/or corrective action plans are being ordered as a result.
OCA is again offering its highly rated training course on utility damage prevention in 2020. This course is designed to give contractors’ field personnel the tools and knowledge necessary to avoid dangerous and costly run ins with underground utilities. Your crews will not only learn their own obligations under the law, but also learn what utility owners must do to comply with Ohio’s damage prevention laws.
Three half-day sessions are scheduled at OCA’s Columbus office on February 19, March 11 and March 25. The courses meet OSHA requirements for Competent Person Training. Click on the following link for additional course and registration information. (Registration Form).
Online Registration:
February 19, 2020
March 11, 2020
March 25,2020
Quick Links to On-line OCA Resources
• Current Ohio Contractor Magazine
• Safety Resources
• Labor & Employment Information
• OCA President's Commentary
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