Bill > SB1268

This bill aims to establish fiduciary guidelines and disclosure requirements for labor organizations in Arizona that collect benefit monies or union dues. Key provisions include: 1) labor organizations must annually disclose detailed financial information to members and their employers, 2) labor organizations must use generally accepted accounting principles, 3) members can choose to obtain benefits from their employer or another provider instead of the labor organization, 4) excess fringe benefit contributions must be refunded or deposited into a defined contribution plan, and 5) labor organizations cannot accept dues or benefits from employees who have not voluntarily joined. The bill applies to labor organizations representing private-sector employees in Arizona, but not those representing state, local, or federal government workers.

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https://apps.azleg.gov/BillStatus/BillOverview/75031