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Employees’ Pension Security Act
The Employees’ Pension Security Act of 2009HR 4281 (alsHR 5754of 2008, anHR 4055of 2005) is a proposed Act of Congress that would require all single-employer pension plans to have equal representation of employees and employers on a joint pension trust board. Background The Bill specifically enacts provisions that had been found in the previous Act introduced by Bernie Sanders, the Workplace Democracy Act. It was first introduced in 2005 by Peter Visclosky, and reintroduced again in 2008 and 2009. Contents The Act would amend the Employee Retirement Income Security Act of 1974 §403(a). The central provision is the following: See also *US labor law * Reward Work Act *Workplace Democracy Act The Workplace Democracy Act is a proposed US labor law, that has been sponsored by Bernie Sanders and re-introduced from 1992 to 2018. Among its different forms, it would have removed obstacles to employers making collective agreements, established ... of 1999, HR 1277, Title III, §30 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Act Of Congress
An Act of Congress is a statute enacted by the United States Congress. Acts may apply only to individual entities (called Public and private bills, private laws), or to the general public (Public and private bills, public laws). For a Bill (law), bill to become an act, the text must pass through both houses with a majority, then be either signed into law by the president of the United States, be left unsigned for ten days (excluding Sundays) while Congress remains in session, or, if vetoed by the president, receive a congressional override from of both houses. Public law, private law, designation In the United States, Acts of Congress are designated as either public laws, relating to the general public, or private laws, relating to specific institutions or individuals. Since 1957, all Acts of Congress have been designated as "Public Law X–Y" or "Private Law X–Y", where X is the number of the Congress and Y refers to the sequential order of the bill (when it was enacted). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bernie Sanders
Bernard Sanders (born September8, 1941) is an American politician who has served as the junior United States senator from Vermont since 2007. He was the U.S. representative for the state's at-large congressional district from 1991 to 2007. Sanders is the longest-serving independent in U.S. congressional history. He has a close relationship with the Democratic Party, having caucused with House and Senate Democrats for most of his congressional career. He is often seen as a leader of the democratic socialist movement in the United States. Sanders unsuccessfully sought the Democratic Party nomination for president of the United States in 2016 and 2020, finishing in second place in both campaigns. Before his election to Congress, he was mayor of Burlington, Vermont. Born into a working-class Jewish family and raised in the Brooklyn borough of New York City, Sanders attended Brooklyn College before graduating from the University of Chicago in 1964. While a student, he wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workplace Democracy Act
The Workplace Democracy Act is a proposed US labor law, that has been sponsored by Bernie Sanders and re-introduced from 1992 to 2018. Among its different forms, it would have removed obstacles to employers making collective agreements, established an impartial National Public Employment Relations Commission to support fair collective bargaining, required that pensions plans are jointly managed by employee and employer representatives, changed the definition of an "employee" to ensure every person who works for other people has labor rights, and repeal all "right to work" laws. The latest version of the Act in 2018 gathered endorsements from leading lawmakers in the Democratic Party, including Kirsten Gillibrand and Mark Pocan. Background Given the long term decline in collective bargaining and the rise in inequality, a substantial number of employee representatives, Democratic politicians, labor unions, academics, judges and lawyers had been advocating the revision of the Nati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peter Visclosky
Peter John Visclosky ( ; born August 13, 1949) is an American politician who served as the U.S. representative for from 1985 until his retirement in 2021. He is a member of the Democratic Party and was the dean of the Indiana congressional delegation before his retirement in 2021. The District lies in Northwest Indiana, and includes most of the Indiana side of the Chicago metropolitan area. Redistricting passed by the Indiana General Assembly in 2011 changed the district's boundaries, effective January 2013, to include all of Lake and Porter counties as well as the western and northwestern townships of LaPorte County, while shifting Benton, Newton, and Jasper counties out of the district. On November 6, 2019, Visclosky announced that he would not seek re-election in 2020. Early life, education, and pre-congressional career Visclosky was born in Gary, Indiana, the son of John and the late Helen (née Kauzlaric) Visclosky. He is of Croatian-Slovak descent. He was educated at An ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employee Retirement Income Security Act Of 1974
The Employee Retirement Income Security Act of 1974 (ERISA) (, codified in part at ) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry. It contains rules on the federal income tax effects of transactions associated with employee benefit plans. ERISA was enacted to protect the interests of employee benefit plan participants and their beneficiaries by: * Requiring the disclosure of financial and other information concerning the plan to beneficiaries; * Establishing standards of conduct for plan fiduciaries; * Providing for appropriate remedies and access to the federal courts. ERISA is sometimes used to refer to the full body of laws that regulate employee benefit plans, which are mainly in the Internal Revenue Code and ERISA itself. Responsibility for interpretation and enforcement of ERISA is divided among the Department of Labor, the Department of the Treasury (particularly the Internal Revenue Service), and the P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
US Labor Law
United States labor law sets the rights and duties for employees, labor unions, and employers in the United States. Labor law's basic aim is to remedy the "inequality of bargaining power" between employees and employers, especially employers "organized in the corporate or other forms of ownership association". Over the 20th century, federal law created minimum social and economic rights, and encouraged state laws to go beyond the minimum to favor employees. The Fair Labor Standards Act of 1938 requires a federal minimum wage, currently $7.25 but higher in 29 states and D.C., and discourages working weeks over 40 hours through time-and-a-half overtime pay. There is no federal law, and few state laws, requiring paid holidays or paid family leave. The Family and Medical Leave Act of 1993 creates a limited right to 12 weeks of unpaid leave in larger employers. There is no automatic right to an occupational pension beyond federally guaranteed Social Security, but the Employee Retire ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reward Work Act
The Reward Work Act of 2018S.2605anHR 6096 is a proposed United States Act of Congress to ban unjustified stock buy-backs, and to require that every listed company enable employees to codetermination, elect one-third of the board of directors. The Bill was sponsored initially by Senators Tammy Baldwin, Elizabeth Warren and Brian Schatz in March 2018, joined in April 2018 by Kirsten Gillibrand, and in November 2018 by Bernie Sanders. It was sponsored in the United States House of Representatives, House of Representatives in June 2018 by Keith Ellison and Ro Khanna. Contents Section 2 prohibits stock buybacks on the open market. Section 3 requires one-third board representation for employees of listed companies. Specifically, this amends §12b of the Securities Exchange Act of 1934 (15 USC 78l(b)(1)) to add "No issuer may register securities on a national exchange unless at least 1⁄3 of the issuer’s directors are chosen by the issuing company’s employees in a one-employee-one-vo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Labor Law
United States labor law sets the rights and duties for employees, Labor unions in the United States, labor unions, and employers in the United States. Labor law's basic aim is to remedy the "inequality of bargaining power" between employees and employers, especially employers "organized in the US corporate law, corporate or other forms of ownership association". Over the 20th century, federal law created minimum social and economic rights, and encouraged state laws to go beyond the minimum to favor employees. The Fair Labor Standards Act of 1938 requires a federal minimum wage, currently $7.25 but higher in 29 states and D.C., and discourages working weeks over 40 hours through time-and-a-half overtime pay. There is no federal law, and few state laws, requiring paid holidays or paid family leave. The Family and Medical Leave Act of 1993 creates a limited right to 12 weeks of unpaid leave in larger employers. There is no automatic right to an occupational pension beyond federally gua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
