Update: The OLMS will not seek to enforce the filing of the Form T-1 for one year from the original due date.
Office of Labor-Management Standards (OLMS) published a final rule on May 30, 2019 establishing a Form T–1 Trust Annual Report which requires annual reporting by Form LM-2 filing labor organizations on financial information pertinent to “trusts in which a labor organization is interested”.
On March 29, 2021, the Office of Labor-Management Standards (OLMS) released News 01-2021 – Notice of a non-enforcement policy in connection with an intended rulemaking to rescind the Form T-1 Trust Annual Report.
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