Benefits Of The LMRDA (ERISA)

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Recommended: Fair Labor Standards Act of 1938

In the US, we have laws that apply to the employees, the business and the pay amongst the workers. We have the FLSA, the Fair Labor Standards Act. This law sets standards for wages and overtime pay. It also regulates the hours the workers have to work. The ERISA (Employee Retirement Income Security Act), is a law that regulates employees who offer pension or welfare benefit plans for their employees. It helps protect individuals in the most voluntary established, private sector retirement plans. The LMRDA (Labor Management Reporting and Disclosure Act), is a law that helps to regulate labor unions’ international affairs and their officials’ relationship with employees. It also protects union funds and promotes financial labor organizations

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