Labor Unions

How are Union Wage and Welfare Bonds Used?

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 [...]

By | 2018-04-25T13:56:33-07:00 March 28th, 2018|0 Comments

What is a Wage and Welfare Bond?

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 [...]

By | 2018-03-28T13:03:23-07:00 March 28th, 2018|0 Comments