Q&A
Council member inquires about essential benefits in the $40 standard
1:33:51
·
48 sec
Council Member Carmen N. De La Rosa asks Justice Favor about the essential benefits factored into the $40 standard for construction workers. Justice Favor explains the breakdown of wages and benefits.
- $25 allocated to wages
- $15 allocated to fringe benefits including health insurance, pension, annuity, and other protections
- Benefits include retirement, vacation, and health insurance
Carmen N. De La Rosa
1:33:51
So, Justice, what are some of the essential benefits that factor into the $40 standard?
Justice Favor
1:33:57
Thank you for your question.
1:34:01
There there are plethora of benefits, though.
1:34:04
Well, let's start with some of the most important ones.
1:34:06
You have health insurance.
1:34:08
That's that's in fact that in that.
1:34:10
You have a pension.
1:34:12
You have annuity.
1:34:13
You have funds that are basically allocated to have protections that's in place.
1:34:18
So you can have a you know, a real real a real livable wage.
1:34:23
So what we're what we're saying is that 25 of those dollars would be allocated to your wage.
1:34:28
The 15 is allocated to the fringe benefits, which would be your retirement, your annuity, your pension, your vacation, and health insurance, some of the most vital things that keep you going.
