Many Union Leaders Earn Six Figures By LEIGH STROPE, AP Labor Writer
Starting Thursday, however, unions with annual receipts of $250,000 or more will have to file their next reports electronically, using a new, detailed form. Reports are due 90 days after a union's budget year ends.
Unions will have to detail transactions of more than $5,000 for politics, gifts, administration, member representation activities and benefits. For the first time, larger unions also will be required to disclose finances of related trusts.
Unions sued the department to block the new forms but lost. They claimed the requirements were burdensome, and the release of detailed finances would give an advantage to companies fighting unionization attempts.
Labor Money Glance By The Associated Press
The 20 highest-paid labor leaders by annual base salary according to unions' 2003 financial disclosure reports:
(#7) $335,569: Douglas McCarron, United Brotherhood of Carpenters, 523,271 members.