How will DOL audit and verify for accuracy the good-faith estimate of the allocation of officers and employees time?
A. Officers and employees have discretion in determining the allocation of their time. They must only make good faith estimates. No particular records are required to be created. However, if an officer does keep a calendar, for example, the calendar must be retained and made available for examination.
Related Questions
- Many states allow officers to be excluded or have a minimum number of employees before I am required to buy Workers’ Compensation Insurance. Do these follow through to Longshore?
- Must labor organizations require their officers and employees to maintain records to verify the allocation of their time in Schedules 11 and 12?
- How will DOL audit and verify for accuracy the good-faith estimate of the allocation of officers and employees time?
