July 8, 2005
OLMS Announces a One Month Extension of the Grace Period for Form LM-30
Labor Organization Officer and Employee Report Until August 15, 2005
In the interest of achieving greater compliance with the Form LM-30 reporting requirements the Office of Labor-Management Standards (OLMS), as a matter of enforcement discretion, has granted a request to extend the Form LM-30 grace period until August 15, 2005. To-date the grace period has resulted in the filing of over 500 reports and OLMS anticipates the receipt of many more.
Union officers or employees (except employees performing exclusively clerical or custodial services) must file a Labor Organization Officer and Employee Report, Form LM-30, if they or their spouses or minor children have certain interests or dealings. The reporting requirements are designed to disclose possible conflicts between personal interests and the officer's or employee's duty to the union and its members.
Under a special enforcement policy, new filers will not have to submit reports for prior years, even if such reports should have been filed. Specifically, in the interest of achieving greater compliance with the reporting requirements, OLMS will not require a new filer to submit reports covering the same financial interest for any prior years absent extraordinary circumstances. The new filer must submit his or her initial report voluntarily (that is, without being directed by OLMS) during a -grace period,- which ends August 15, 2005.
After the expiration of the grace period, OLMS will continue to follow its normal practice, in which OLMS may seek reports for the five prior years.
For additional information on the Form LM-30 please visit the OLMS Form LM-30 Labor Organization Officer and Employee Report page.
Thank you for subscribing to the OLMS Mailing List. We hope that you find this mailing informative.
Last Updated: 07/08/05