New Jersey Administrative Code
Title 12 - LABOR AND WORKFORCE DEVELOPMENT
Chapter 64 - PREVAILING WAGES FOR BUILDING SERVICES
Subchapter 4 - VIOLATIONS, PENALTIES AND FEES
Section 12:64-4.4 - Interest
Universal Citation: NJ Admin Code 12:64-4.4
Current through Register Vol. 56, No. 18, September 16, 2024
(a) When the Commissioner makes an award of back pay, he or she may also award interest in the following situations:
1. When a contractor has
unreasonably delayed compliance with an order of the Commissioner to pay monetary
wages or fringe benefits owed to a worker;
2. Where an equitable remedy is required in order
to recover the loss of the present value of money retained by the contractor over an
extensive period of time; or
3. Where
the Commissioner finds sufficient cause based on the particular case.
(b) Where applicable, interest deemed owed to a worker shall be calculated at the annual rate as set forth in New Jersey Court Rules, R. 4:42-11.
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