Recent Updates

In March 2020, the Department of Labor (DOL) published a final rule establishing the Form T-1, Trust Annual Report. Under this rule, labor organizations with $250,000 or greater in annual receipts that file a Form LM-2 would be required to file a separate report covering the finances of certain trusts in which they were interested, such as ... Read More ›

On March 29, 2021, the U.S. Department of Labor’s Office of Labor-Management Standards (OLMS) announced that it will publish notice of an intended rulemaking to propose rescission of the Form T-1 Trust Annual Report. The OLMS additionally noted that they will not seek to enforce the filing of a Form T-1 for one year from the ... Read More ›

The Department of Labor’s Office of Labor-Management Standards (OLMS) has announced that it will publish notice of an intended rulemaking to propose rescission of the Form T-1 Trust Annual Report, established by a March 2020 final rule. As communicated previously, Form T-1 required annual reporting on financial information pertinent to “trusts in which ... Read More ›