Benefits Of The LMRDA (ERISA)

290 Words1 Page
bulb-icon

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

Show More
Related

  • The FLSA: Exempt Vs. Non-exempt Employees

    891 Words  | 2 Pages

    President Franklin D. Roosevelt enacted the FLSA on June 25, 1938. It was signed in as a federal labor law to provide criteria for governing general labor practices such as overtime, minimum wages, child labor protections and equal pay. The Fair Labor Standards Act is a long and extensive document in and of itself. It defines many exceptions and exemptions. For purposes of this paper the portion of the FLSA that will be concentrated on is the difference between exempt and non-exempt employees.

    Read More

  • Is the D.A.R.E Program Effective?

    825 Words  | 2 Pages

    D.A.R.E is an anti-drug program and it stands for drug, abuse, resistance, education. It was first designed in 1983. This program is offered to fifth grade students in primary school who are of the ages ten and eleven. This program is to inform young children about alcohol and drug abuse. The ongoing question is, are children at the age, old enough to retain this important information and carry it through, into high school, when this knowledge is critical to apply?

    Read More

  • History Of The FLSA

    963 Words  | 2 Pages

    The Fair Labor Standards Act (FLSA) is administered by the United States Department of Labor Wage and Hour Division. The Act regulates child labor, wages, and hours, it also requires employers to keep proper records and which to maintain (Bennett – Alexander, 2004). The Act, now law requires employers to pay employees at the lower end of the pay scale, a certain amount which maintains a minimum standard of living and out of poverty (Bennett – Alexander, 2004). That is the law and theory, in actuality the law has caused poverty in certain areas of the employment theatre, keeping those who are at the low end of the pay scale; below the reach of higher paying jobs.

    Read More

  • Labor Unions In The 1800's

    1440 Words  | 3 Pages

    Throughout the history of the United States of America the continuation of misfortunes for the workforce has aggravated people to their apex, eventually leading to the development of labor unions.

    Read More

  • Why Do Labor Unions Matter?

    1610 Words  | 4 Pages

    Unions have an extensive history of standing up for workers. They have advocated rights of steelworkers, coal miners, clothing factory employees, teachers, health care workers, and many others. The labor movement is based on the idea that organized workers as a group have more power than individuals would have on their own. The key purpose of any union is to negotiate contracts, making sure workers are respected and fairly compensated for their work. “In theory” unions are democratic organizations, resulting in varying inner authority. Workers look for security within a job a...

    Read More

  • What Stakeholders Want From Easyjet

    2328 Words  | 5 Pages

    Trade Unions – they want to protect the rights of the employees in a business

    Read More

  • The Five Provisions Of The Fair Labor Standards Act

    1065 Words  | 3 Pages

    The Fair Labor Standards Act (FLSA) was originally enacted in 1938. The law is enforced by the Wage and Hour Division of the U.S. Department of Labor, and includes 5 major provisions that protect employees. (TEXT) The five provisions include: coverage, minimum wage, overtime pay, youth employment, and record keeping. Coverage refers to the types of workers whom are protected by the FLSA. The FLSA also handles compensation issues like minimum wage, commissions, bonuses, expenses like room and board and other various deductions. To ensure that employees receive adequate compensation for working additional hours the FLSA has developed rules governing overtime pay. The Act also created and implemented rules governing youth

    Read More

  • Reducing Medical Errors: A New Approach to Healthcare Management

    713 Words  | 2 Pages

    Medical errors are the third leading cause of death in the United States, which costs billions of dollars to the economy and increases our health care costs. How can health care managers decrease medical errors to improve costs of health care and costs to the economy? One approach is to have stricter health care polices, as it pertains to providing quality of care to patients no matter if the patient has private insurances, government insurance, self-pay, etc. the quality provided to patients should be the same across the board no matter the income class of patients, high quality of care should be our priority. The second approach would be to have stricter accountability for those that work in the health care field and make them responsible for their health care facilities and have penalties that are sanctioned for preventable medical errors.

    Read More

  • The US and EU Labor and Employment Laws

    886 Words  | 2 Pages

    I hail from Ukraine, the country that is still not a member of the European Union, nevertheless is definitely a European country. Therefore, I have always been interested in the EU laws, policies, priorities, regulations and so on to contrast Ukrainian reality with that of the EU states. Now I live and study in the country I have always had an innate and subconscious love to – the USA, the country known as the country of big opportunities. As the result, I became increasingly interested in the US laws and regulations, in particular employment and labor laws. To combine these two passions I decided to prepare a paper that compares the US and EU labor and employment laws.

    Read More

  • The Fair Labor Standards Act

    1760 Words  | 4 Pages

    The Fair Labor Standards Act has been amended repeatedly in subsequent decades, with changes expanding the classes of workers covered, raising the minimum wage, redefining regular-time work, raising overtime payments to encourage the hiring of new workers, and equalizing pay scales for men and women. FLSA Regulations and Non-Regulations While the FLSA does set basic minimum wage, overtime pay standards, and regulates the employment of minors, there are a number of employment practices which FLSA does not r... ... middle of paper ... ... 9. Fair Labor Standards Act, www.infoplease.com, 6/11/04 10.

    Read More

  • The Fair Labor Standards Act

    2053 Words  | 5 Pages

    The FLSA is managed and implemented by the Wage and Hour division of the United States Department of Labor. “The Wage and Hour Division (Wage-Hour) administers and enforces FLSA with respect to private employment, State and local government employment, and Federal employees of the Library of Congress, U.S. Postal Service, and Postal Rate Commission. The FLSA is enforced by the U.S. Office of Personnel Management for employees of other Executive Branch agencies, and by the U.S. Congress for covered employees of the Legislative Branch.” “The law generally applies to all employees of specific enterprises having workers engaged in interstate commerce, producing goods for interstate commerce, or handling, selling, or otherwise working on goods or materials that have been moved in or produced for interstate commerce.” However, workers that are not covered by the FLSA may still be subject to its minimum wage, overtime pay, recording, and child labor provisions if they are individually engaged in interstate commerce or in the production of goods for interstate commerce, or in any closely-related process or occupation directly essential to such production.

    Read More

  • Should Workers Be Allowed To Strike? - Argumentative Essay

    540 Words  | 2 Pages

    Likewise, industrial action gives the worker a line of protest against unfair hours or miserly wages. Theoretically, if taking industrial action was outlawed, the management could impose any terms and contract changes that they wished ...

    Read More

  • Equal Employment Opportunity

    1515 Words  | 4 Pages

    Throughout the years the United States has faced many challenges with equal employment opportunities for everyone. The United States has developed The Equal Employment Opportunity Commission, also known as the EEOC, to enforce laws that help prevent everyone from being treated unfairly when it comes to employment options. The EEOC has established stipulations and overlooks all of the federal equal employment opportunity regulations, practices and policies (“Federal Laws Prohibiting Job Discrimination Questions and Answers”). Some laws that have been passed are the Equal Pay Act of 1963, Title VII of the Civil Rights Act of 1964 and Age Discrimination in Employment Act of 1967. Although some discrimination is still a problem, all of these laws have helped the United States citizens become treated more equally in the work force.

    Read More

  • Labor Movement

    1809 Words  | 4 Pages

    The need for fair labor practices has been a key factor in fueling the majority of grassroots movements led by workers. Various instances of racial, class, gender and age discrimination added to the frenzy as the human rights movement inspired society to make changes that created a fairer playing field for all citizens in the labor force (Brecher & Costello, 1996).

    Read More

  • Importance Of Business Law

    515 Words  | 2 Pages

    Many countries have their own laws. Inside of business world, there are many laws that control the marketplace. It is important to establish controls of inputs and outputs of goods and services in certain countries because it helps the governments to have the entire knowledge of the economy. In particular, The U.S has provided some effective laws with the purpose to further fair, balanced, and competitive business practices. There are three effective laws that are known as statutory law, administration law, and common law.

    Read More

More about Benefits Of The LMRDA (ERISA)

Open Document