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Text of EBSA Advisory Opinion 2008-05A Sent to U.S. Chamber of Commerce
U.S. Department of Labor [DOL]
[Official Guidance] July 9, 2008 Excerpt: This is in response to your recent letter requesting guidance on whether the fiduciary rules of the Employee Retirement Income Security Act of 1974 (ERISA) prohibit the use of plan assets to promote union organizing campaigns and union goals in collective bargaining negotiations. Your inquiry was in addition to the issues the Department recently addressed in Advisory Opinion 2007-07A regarding the expenditure of plan assets by plan fiduciaries as shareholders of corporations in support of proxy resolutions. MORE >> |
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