New Jersey Administrative Code
Title 12 - LABOR AND WORKFORCE DEVELOPMENT
Chapter 16 - CONTRIBUTIONS, RECORDS, AND REPORTS
Subchapter 5 - CONTRIBUTIONS BY EMPLOYERS
Section 12:16-5.9 - Special fringe benefit agent accounts
Current through Register Vol. 56, No. 6, March 18, 2024
(a) Special fringe benefit agents accounts may be approved by the Controller or his or her designee for the purpose of reporting payments such as vacation and holiday payments which have been negotiated in union-management contracts. Approval will only be given when it is shown that to do otherwise would create a hardship on the employer.
(b) The agent is assigned the basic rates for a new employer and is responsible for:
(c) The primary employer will maintain its own individual rates based on his or her own employment experience and is responsible for:
(d) Upon auditing and verifying the request, the Controller or his or her designee will make proper transfers of taxable wages and payments to the primary employer's account and issue a refund of any net credits outstanding. The refund is to be computed at the unemployment rate of the employer or the basic rate whichever is the lesser.