TN 8 (11-93)
RS 01401.240 Guaranteed Annual Income (GAI) Payments
GAI payments are part of a bargaining agreement in union contracts which provide a continuation of income during periods of reduced employment.
GAI payments are wages.
EXCEPTION: GAI payments made by the New York Shipping Association are not wages. SSA and IRS determined that the payments from this plan are a form of supplemental unemployment benefits.