SCA Health and Welfare Benefit Changes

Effective June 17, 2012, the prevailing health and welfare fringe benefits required by the McNamara-O’Hara Service Contract Act (SCA) increased from $3.59 to $3.71 per hour. The Department of Labor (DoL) issued Memorandum Number 211 on June 11, 2012, announcing the change. The new benefit rate is derived from the latest DoL Bureau of Labor Statistics, Employment Cost Index, summary of Employer Cost for Employee Compensation. Don’t let the increase impact your bottom line – know your rights as a federal contractor. It is important that you review your contract and determine if this increase impacts your contracts and may result in the need for a modification.

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The fast-changing government market requires participants to stay up-to-date with important news and trends if they want to succeed in this dynamic sector. Aronson LLC’s Fed Point blog helps government contractors keep current through original postings, online resources, reading and research recommendations, statistics, trends and more. Fed Point, which is written and compiled by members of Aronson’s Government Contract Services Group, brings together current news, trends and insights affecting this burgeoning market sector. Our experts know exactly what information you need to have to make informed decisions, stay compliant with the regulations, and streamline your business for maximum profitability. Visit www.AronsonLLC.com to learn more about Aronson’s specialized accounting and consulting services!

SCA Health and Welfare Benefit Changes

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