Employers of plasterers, cement workers, and shop hands that are part of the Operative Plasterers’ & Cement Masons’ International Association must submit a surety bond as a requirement of the Collective Bargaining Agreement. The Plasterers and Cement Masons Wage and Welfare Bond ensures that the union will receive contributions to fringe benefit (health care, annuity, and pension) funds from an employer and that union members will receive wages for the work they provide.
The Operative Plasterers’ & Cement Masons’ International Association was set up to protect the rights of their members and their livelihoods. Jet Insurance Company aids in this endeavor by providing compensation to the union member or the union should the employer fail to fulfill payment.
The cost of this bond depends on two main factors: financial status and the required bond limit. The union determines a bond amount that is sufficient to protect against missed payments. A credit check will be conducted during the application process to get you an approved rate. The chart below shows rates for an applicant in good credit standing at different bond limits.
When you choose Jet for your Wage and Welfare Bond, you are working directly with the insurance company, eliminating the need for brokers and agents that add on fees and commissions to your bond price.
Applying with Jet only takes a few minutes! Simply use our online application to submit the required information. A social security number is needed for a soft credit check—don’t worry, this doesn’t make a dent in your credit score. Once the application is submitted, a Jet underwriter with conduct a quick review and you will be emailed a quote that is ready to purchase shortly after.
Jet can file the bond for you unless you need to, or choose to, file it yourself. You can check the option to mail the bond directly to you when you are completing payment. The original copy of the bond is usually sent to the fringe benefit office at the following address:
Ohio Conference of Plasterers and Cement Masons
Combined Funds, Inc.
33 Fitch Blvd
Austintown, OH 44515
Additional copies of the bond must be sent to the corresponding local union and the Operative Plasterers and Cement Masons International Association.
Operative Plasterers’ & Cement Masons’ International Association
9700 Patuxent Woods Dr, Suite 200
Columbia, MD 21046
3975 S Hametown Rd
Norton, OH 44203
2951 Bluefield Ave
Dayton, OH 45414
1417 E 25th St
Cleveland, OH 44114
2606 California Ave
A.J. Furlan Building
Pittsburgh, PA 15212-2699
4652 Lewis Ave
Toledo, OH 43612-2396
You will receive a renewal notice from Jet via mail and email when your term is nearing its end. Filling out the notice only takes a minute or two with the purpose of verifying the bond limit and submit payment for the new term. You must have an active bond during the time that you have union members employed.
If you do not need to hold a bond anymore, send Jet an email to firstname.lastname@example.org to request cancellation. Jet will notify the union of the intent to cancel the bond immediately. Generally, this bond has a 60-day period where the bond is kept active after receipt of cancellation notice (if indicated in the bond agreement).
A contractor who fulfills payments on time as agreed in the Collective Bargaining Agreement should be able to avoid claims on the Plasterers and Cement Masons Wage and Welfare Bond. The bond holds the employer accountable for insufficient or unpaid wages to employees that are union members or contributions to fringe benefits.
Failure to pay any due payments will result in complaints from the injured party, which could lead to investigations, the removal of union members from your job, civil action, and a bond claim. The best course of action is to make sure that you pay everyone as agreed, but if you don’t, pay them at the earliest possible opportunity.
Once Jet is notified of a bond claim, we are obligated to investigate. If the claim is found to be valid, Jet must pay the injured party (the union member or the union itself) in the amount of the claim. However, you are required to pay Jet back in the amount that was paid out, and you may be liable for additional costs incurred.
Yes, if a contractor employs other tradespeople, chances are that they are members of a union. Other unions may require their own bond to guarantee wages for their members. Check out Jet’s full list of Ohio Construction Bonds.