In 1946, NECA contractors contributed what percentage of gross payroll to the National Electrical Benefit Fund?

In 1946, NECA (National Electrical Contractors Association) contractors contributed 1% of gross payroll to the National Electrical Benefit Fund. This contribution was significant as it helped establish a strong financial foundation for providing benefits to retired and disabled electrical workers. The percentage reflects a commitment to supporting the workforce and ensuring their welfare through a structured benefit program. This kind of funding mechanism is essential in industry contexts, as it fosters a sustainable model for employee benefits, which can lead to a more stable and motivated workforce in the long run. Understanding this figure is crucial for recognizing how agencies and organizations invest in the welfare of their employees.