Office of Labor-Management Standards (OLMS)

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Form LM-2 Frequently Asked Questions on Schedule 20

Additions are made regularly to the Frequently Asked Questions, so please check these pages often for updates. If you have a question that is not addressed here, you may email your question to olms-public@dol.gov.

• What do I report in Schedule 20 - Benefits?
• What are direct benefit disbursements?
• What are indirect benefit disbursements?

Q. What do I report in Schedule 20 - Benefits?

A. In Schedule 20 report the labor organization's direct and indirect disbursements to all entities and individuals during the reporting period associated with direct and indirect benefits for officers, employees, members, and their beneficiaries. Benefit disbursements to be reported in Schedule 20 include, for example, disbursements for life insurance, health insurance, and pensions. Do not include salary bonuses, severance payments, or payments for accrued vacation, which should be reported in Column (D) of Schedule 11 or 12. Do not use the Itemization Pages for Schedule 20. Instead use the separate Schedule 20.

Q. What are direct benefit disbursements?

A. Direct benefit disbursements are those made to officers, employees, members, and their beneficiaries from the labor organization's funds.

Q. What are indirect benefit disbursements?

A. Indirect benefit disbursements are those made from the labor organization's funds to a separate and independent entity, such as a trust or insurance company, which in turn and under certain conditions will pay benefits to the covered individuals. An example of an indirect benefit disbursement is the premium on group life insurance.

Last Updated: 03/23/07