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2008 SCHOLARSHIP APPLICATIONS NOW
BEING TAKEN
There are two annual scholarships offered
by the State Association, each valued at $4,000 ($1,000 per year for a
maximum of four years). The program is open to the children and
grand children of owners and management employees of member firms in
good standing.
Applications are being accepted now, with
a June 13, 2008 deadline for
submission of all materials. Download the application form and
instructions here:
It has been many years, but 2008 marks the return
of the State Association to Hershey, PA. Make plans to join your fellow industry
counterparts at the historic
Hotel Hershey.
The Hershey area offers plenty of attractions for
families, and has been cited as Family Circle Magazine's "Family Resort
of the Year".
Information and registration forms have been
mailed, or you may download registration form here:
Interest running high in this members only
program!!
The State Association has partnered with
Harleysville Insurance
Company and Cool Insuring
Agency to offer a property and liability group. The
program is tailored to specifically address electrical contractor
coverage issues, and offers an additional discount for State Association
members.
Those currently insured with Harleysville should
speak with their broker to learn of the additional benefits and savings
available through the group. Quotes and further information may be
obtained by visiting
electrical
contractors group.
WORKERS' COMPENSATION
RATES REVISED
The NY Compensation Rating Board has announced an
average rate decrease of 18.4% effective with policies renewing October
1, 2007 and after. Changes to individual classification codes will
vary based upon industry experience. The NYS Assessment charge
will also be reduced from 18.6% of premium to 15.5%.
The new rate for Code 5190- Electrical Wiring is
6.03, a 9.9% reduction from the current 6.69. The rate for Code
5191- Low Voltage was reduced 32.9% from 2.19 to 1.47.
The Association will be monitoring the effects of
the legislative changes which led to this dramatic rate reduction.
Of main interest is the effect higher weekly benefits will have on cost.
The maximum for these benefits rose from $400/ wk. to $500/ wk. in July,
will rise again in 2008 to $550, and to $600 in 2009. In 2010, and
annually thereafter, benefits will be indexed to 2/3 of the average
weekly state wage. At present, the average weekly state wage is
roughly $1,100, which would make the benefit roughly $725 (using 2007
figures). Since wages are traditionally high in the construction
trades, these benefit increases are sure to impact construction rates
more so than other industries.
If you would like further information on Workers'
Compensation rates and reforms or a quote from the
Association's Workers' Compensation Group, contact Jay Mangione at
the Association office.
•Scholarship Awards Program
The New York State Association of
Electrical Contractors Scholarship Awards Program is funded
by NYSAEC and by contributions from our members. Use the link
below to download and/or print the application.
On January 31, 2007, Governor Eliot Spitzer's 2007-08 Executive
Budget was presented to the Legislature.
The New York State
Association of Electrical Contractors
is located at:
16 Wade Road
Latham, NY 12110
TEL 800.724.1904
FAX 518.785.0912
MISSION STATEMENT:
The New York State Association of Electrical Contractors, founded in 1899, is dedicated to promoting the exchange of information and ideas, fostering of business relationships and networking opportunities, development of group business and insurance programs, and the advancement of State legislative interests common among all member firms in the electrical contracting and related industries.