Puerto Rico Year 2000 Services Agreement
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How to fill out Year 2000 Services Agreement?
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FAQ
The statutory severance formula for employees hired on or after January 26, 2017, regardless of years of service, changes to three months of salary plus two weeks for each completed year of service. The statutory severance is capped at nine months.
Form LM-4 must be submitted electronically to the Department, via the OLMS Electronic Forms System (EFS) linked from the OLMS website .dol.gov/olms. Form LM-4 filers will be able to file reports in paper format only if they assert a temporary hardship exemption.
Form LM-2 must be filed if the Local Union's annual income is $250,000 or more. All form LM-2 filers just complete and file the form electronically through the Department of Labor website, . Accounting Method - Form LM-2 must be prepared using the cash method of accounting.
Because Puerto Ricans are U.S. citizens, they have an advantage in competitive labor markets over foreign workers who require a visa in order to be employed in the U.S.A.
Section 29 CFR 825.105(b) of the FMLA regulations states that ?the FMLA applies only to employees who are employed within any State of the United States, the District of Columbia or any Territory or possession of the United States.? Territories or possessions of the United States include Puerto Rico, the Virgin Islands ...
The Forms LM-10, 20, and 21 must be filed electronically pursuant to the OLMS Electronic Forms System (EFS). The Forms LM-10 and 21 are annual reports, filed within 90 days after the conclusion of the filer's fiscal year.
The Form LM-20 must be completed and submitted electronically via the Office of Labor-Management Standards (OLMS) Electronic Forms System (EFS), available on the OLMS website at .dol.gov/olms.
Unions must also file annual financial reports (Forms LM-2, LM-3, or LM-4) with OLMS each year, disclosing their assets, liabilities, receipts and disbursements, and parent unions must file reports (LM-15, LM 15(A), and LM-16) if they place a subordinate union in trusteeship.