Financial Core

The financial core (also FiCore or Fi-Core) is a payment so employees can work in a union environment without becoming full members, with the intent of paying only for the basic costs associated with their representation by the union. The United States Supreme Court in 1963 initially defined the financial core in Labor Board v. General Motors, and has continued to clarify what is a core obligation and that unions are required to notify potential employees it is an option. Controversy continues as to what exactly the financial core is – and there are instances of unions not informing employees of their rights.

Read more about Financial Core:  Origin, Impact

Famous quotes containing the words financial and/or core:

    The woman who does her job for society inside the four walls of her home must not be considered by her husband or anyone else an economic “dependent,” reaching out her hands in mendicant fashion for financial help.
    Mary Barnett Gilson (1877–?)

    The threadbare trees, so poor and thin,
    They are no wealthier than I;
    But with as brave a core within
    They rear their boughs to the October sky.
    Poor knights they are which bravely wait
    The charge of Winter’s cavalry,
    Keeping a simple Roman state,
    Discumbered of their Persian luxury.
    Henry David Thoreau (1817–1862)