Under the National Labor Relations Act, the Union Has a Duty

question 28

True/False

Under the National Labor Relations Act, the union has a duty of fair representation, meaning that the union must provide equal representation to all members of the bargaining unit, whether or not they actually belong to the union.

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Definitions:

Single Life Annuity Contract

An insurance product that provides a stream of payments for the life of a single individual, ceasing upon their death.

Expected Return

The anticipated average return on an investment over a specific period based on historical data and market analysis.

Exclusion Ratio

In annuities, the proportion of payments considered as a return of the original investment and therefore not subject to income tax.

Life Annuity

A financial product that provides a guaranteed income for the remainder of the annuitant's life in exchange for an initial payment.