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.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.