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From the July-23, 2003 issue of Credit Union Times Magazine • Subscribe!

Department of Labor

The Department of Labor focuses on creating better working environments for all employees by improving working conditions, protecting retirement and health care benefits, and strengthening collective bargaining. It administers numerous labor laws affecting credit unions from safe work environment to minimum wage and overtime. Under DOL, the Occupational Safety and Health Administration regulates safety and health conditions in most of the public and private sectors. A while back, at the end of the Clinton administration, there was heated debate between credit unions and other employers and OSHA over costly ergonomics rules. President George W. Bush stayed the rule and it was amended more favorably for employers. Workplace fatalities have been halved and work-related injury and illness has declined 40% since OSHA came into existence in 1971.

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