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Collective bargaining is the process through which labor unions and employers negotiate agreements regarding wages, benefits, hours worked, and other employment terms. The National Labor Relations Board (NLRB) mandates that both parties engage in good faith bargaining, which involves meeting at reasonable times and being prepared to negotiate a collective agreement. Mandatory topics for negotiation include compensation, benefits, hours of employment, pensions, insurance, grievance processes, safety, layoffs, discipline, and union security. While the law requires good faith bargaining, it does not mandate that an agreement be reached on these topics. Other issues addressed may include employee rights, management control, and benefits for retired union workers.