[Note: Do not use the Itemization Pages for Schedule 20. Instead use the separate 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.
Direct benefit disbursements are those made to officers, employees, members, and their beneficiaries from the labor organization's funds. 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.
If additional lines are required, click the “Add More Benefits” button at the top of the schedule. The software will add lines to the schedule in increments of ten.
Enter in Column (A) the type of benefit, such as pension, welfare, etc.
Enter in Column (B) to whom payment was made; for example, union members, insurance company, etc. Individual union members and their beneficiaries are not required to be listed by name.
Enter in Column (C) the amount disbursed for each type of benefit.
Click the “Save and Calculate” button at the top of the schedule and the software will enter the total for Column (C) on the “Total of all lines above” line and in Item 55 (Benefits) of Statement B.
Last Updated: 12/09/10