Labor Unions

A union member signs a wage and welfare bond upon the start of employment in a union job or upon joining a union. This bond establishes a contractual debt on the behalf of the employee, also known as dues, which the employee must pay to retain his union position. When an employee does not pay [...]

Wage and welfare bonds, also referred to as union wage bonds, are a type of surety or financial guarantee bond that a union takes out to ensure that union dues get paid in the event that a member does not pay dues. Typically, wage and welfare bonds do not have a deductible, meaning that unions [...]