OLMS LM-30 Update

Office of Labor-Management Standards (OLMS) LM-30 Update

On October 26, 2011 the OLMS has published a final rule revising the Form LM-30, Labor Organization Officer and Employee Report.  The most significant change/clarification that this final rule provides is that payments from Unions and their trusts to Union officers and employees are not required to be reported on Form LM-30.  Trusts include related Pension and Annuity Funds, Welfare Funds, and Training Funds.  Union officers and employees must continue to report other payments received from employers whose employees the Union represents or actively seeks to represent, vendors and service providers to such employers, and other employers from which a payment could create a conflict.  Only payments from one source that exceed $250, either individually or in the aggregate, must be reported.

This rule takes effect on November 25, 2011.  The changes made to the Form LM-30 reporting requirements will apply to reports required by Union officials with fiscal years beginning on or after January 1, 2012.  For fiscal years beginning before that date, OLMS will accept the Revised (2011) Form LM-30, the 2007 Form LM-30, or the Pre-2007 Form LM-30.

For more details with a link to the full text of the Final Rule from the OLMS, click here.