A bill to require any labor organization that is or would be the collective bargaining representative for any employees to provide information regarding the amount of funds in any defined benefit plan of the labor organization before any labor organization election, and for other purposes.

Bill 118 s 4328, also known as the "Labor Organization Defined Benefit Plan Disclosure Act," is a proposed piece of legislation that aims to require labor organizations seeking to represent employees in collective bargaining to disclose information about the funds in their defined benefit plans. This information would need to be provided before any labor organization election takes place.

The bill is designed to increase transparency and accountability within labor organizations by ensuring that employees have access to important financial information before making decisions about representation. By requiring disclosure of the amount of funds in defined benefit plans, employees can make more informed choices about which labor organization to support.

In addition to the disclosure requirement, the bill also includes provisions for other purposes related to labor organization elections. While the specific details of these provisions are not outlined in the summary, it is clear that the overall goal of the bill is to promote fairness and transparency in the collective bargaining process. Overall, Bill 118 s 4328 seeks to empower employees by providing them with crucial financial information about labor organizations before they make decisions about representation. By requiring disclosure of defined benefit plan funds, the bill aims to ensure that employees have the information they need to make informed choices about their representation in the workplace.