What is a Taft-Hartley Trust?

Definition of a Taft-Hartley Trust Fund An entity that is formed to provide benefits to its participants and beneficiaries. Contributions are made by one or more employers. The fund is collectively bargained between the unions and the employers.

What is a Taft-Hartley Health Plan?

A Taft-Hartley plan, also called a multi-employer welfare arrangement (MEWA), is an older law that governs collective bargaining agreements (CBAs) for unions. In short, a Taft-Hartley plan is a health plan the union is providing to union members on behalf of the employer.

What did the Taft-Hartley Act do Econ?

The Taft-Hartley Act of 1947 prohibits certain union practices and requires that they disclose their financial and political activities. This act is also known as the Labor Management Relations Act (LMRA) and is an amendment to the 1935 Wagner Act.

Why was the Taft-Hartley Act bad?

The Taft Hartley Act removed the ability of unions to strike in a number of ways. It categorized the following as unfair labor practices: jurisdictional labor strikes, wildcat labor strikes, solidarity/political strikes, and secondary boycotts.

What do you need to know about the Taft Hartley Act?

It also required union leaders to give employers and workplace managers no less than 60 days’ notice in advance of a strike. Taft-Hartley Act also required unions to disclosure their financial and political associations.

Why was the Taft Hartley Act named after Robert F Wagner?

The Taft-Hartley Act Amended the Wagner Act. The Taft-Hartley Act was actually adopted as an amendment to the National Labor Relations Act (NLRA) of 1935, also referred to as The Wagner Act, which was named for former New York Senator and Robert F. Wagner, a Democrat who was an avowed proponent of organized labor.

Why was the Taft Hartley Act called the slave labor bill?

Union critics at the time called it the “slave-labor bill,” but the Republican-controlled Congress – encouraged by the business lobby – saw it as necessary to counter union abuses, to end a string of large-scale strikes that broke out after the end of World War II, and to suppress Communist influence in the labor movement.