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What is an LM-3?

Your labor organization's Form LM-3 must report financial information for all funds of your organization. Include any special purpose funds or accounts, such as strike funds, vacation funds, and scholarship funds even it they are not part of your organization's general treasury.

What is LM 20?

The individual(s) required to file Form LM-20 are responsible for maintaining records that will provide in sufficient detail the information and data necessary to verify the accuracy and completeness of the report. You must retain the records for at least 5 years after the date you filed the report.

What is an LM 30?

The Labor-Management Reporting and Disclosure Act (LMRDA) requires union officers and employees to file a Form LM-30 Labor Organization Officer and Employee Report to make public any actual or likely conflict between their personal financial interests and their obligations to the union and its members.

What is a Lm-10 report?

Certain employers must file a Form LM-10 to report, among other areas, agreements with consultants \u2013 and other payments and expenditures \u2013 made to persuade employees concerning their organizing and collective bargaining rights or to surveil the activities of employees and unions involved in a labor dispute with such ...

What are unions required to file with Olms?

Unions must also file annual financial reports (Forms LM-2, LM-3, or LM-4) with OLMS each year, disclosing their assets, liabilities, receipts and disbursements, and parent unions must file reports (LM-15, LM 15(A), and LM-16) if they place a subordinate union in trusteeship.

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What does Olms stand for?

About OLMS | U.S. Department of Labor. The .gov means it's official. The site is secure. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Office of Labor-Management Standards.

What is LM 10?

Employers must file a Form LM-10 to disclose any: Payments and loans made to any union or union official, other than payments of the kind referred to in section 302(c) of the Labor Management Relations Act, 1947, and payments and loans in the regular course of business by insurance companies and credit institutions.

What is an LM 20?

The individual(s) required to file Form LM-20 are responsible for maintaining records that will provide in sufficient detail the information and data necessary to verify the accuracy and completeness of the report. You must retain the records for at least 5 years after the date you filed the report.

What are the union's legal obligations?

What rules govern collective bargaining for a contract? After employees choose a union as a bargaining representative, the employer and union are required to meet at reasonable times to bargain in good faith about wages, hours, vacation time, insurance, safety practices and other mandatory subjects.

What is an LM-2 report?

The LM-2 is like a tax return for a union. Each union is supposed to file one every year. An LM-2 is a form where the union reports things like how much it pays its officers and employees. The LM-2 is for large unions. If you're dealing with a small local union, it might file an LM-3 or an LM-4.

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