A strike fund is a financial resource established by a trade union to support its members who are participating in a strike. These funds provide essential benefits, often referred to as strike pay, to help meet the basic needs of strikers during the period of work stoppage. The primary purpose of a strike fund is to aid union members by ensuring they have financial assistance for subsistence while they are on strike.
Strike funds are commonly referenced in labor law, particularly in the context of collective bargaining and labor disputes. They play a critical role in supporting workers during strikes, which are legal actions taken by employees to negotiate better working conditions or wages. Users may find relevant forms and templates on platforms like US Legal Forms to assist with the establishment and management of strike funds.
Here are a couple of examples of abatement:
For instance, a union may create a strike fund to provide weekly payments to its members while they are on strike for better wages. This financial support helps strikers cover basic living expenses such as food and housing during the strike period.
(hypothetical example) A teacher's union sets up a strike fund to support its members who are striking for improved classroom resources and salaries. Each member receives a predetermined amount weekly from the fund while the strike is ongoing.
According to Florida Statute § 447.203, strike funds are defined as any appropriations made by an employee organization to aid employees participating in a strike. Other states may have similar statutes governing the establishment and use of strike funds.
| State | Strike Fund Regulations |
|---|---|
| Florida | Defined under Fla. Stat. § 447.203, allowing unions to create strike funds. |
| California | Similar provisions exist, with additional requirements for transparency in fund management. |
| New York | Regulations ensure that strike funds are used primarily for the benefit of striking workers. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition |
|---|---|
| Strike Fund | A fund established to support union members during a strike. |
| Strike Pay | Financial compensation provided to workers during a strike, often sourced from a strike fund. |
| Union Dues | Regular payments made by union members to support union activities, including strike funds. |
If you are a union member considering a strike, it is essential to understand your union's strike fund policies. Check with your union representatives about the availability of strike funds and how to access them. You can also explore US Legal Forms for templates to help manage or establish a strike fund for your union. If your situation is complex, seeking professional legal assistance may be beneficial.
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A strike fund is a financial resource set up by a union to provide support to its members during a strike.