The United States Department of Labor (DOL) has issued a new rule requiring labor unions to disclose more information about how union-controlled trusts allocate their money. The new rule, titled “Labor Organization Annual Financial Reports for Trusts in Which a Labor Organization Is Interested,” will affect any union with annual revenues exceeding $250,000, and will require in-depth disclosure of the trust’s expenses and investments. The goal of the new rule, according to the DOL, is to meet the requirements of the Labor-Management Reporting and Disclosure Act. Continue reading “New DOL Rule Requires Greater Financial Disclosure from Unions”
