Word: employeees
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However, transition from the old benefit system to the new one isn't cheap and is stretching the financial reserves of the domestic companies. By 2020, GM, which has the largest number of retired employees, will have transferred some $23 billion to the new Voluntary Employee Benefit Association (VEBA), created...
And then there is the Federal Emergency Management Agency (FEMA), which has been under fire ever since Hurricane Katrina. "Fifteen years ago, if I had surveyed every state employee and said, 'What is the one federal organization that you think does a great job,' it would have been overwhelmingly FEMA...
Want 50% more for your work? Get a government job. Private-sector employers may be cutting deeply into employee benefits, but for local and state governments, the gravy train rides on. Last year state and local governments spent an average of 51% more per employee on benefits and compensation than...
On benefits alone, government entities spent 72.8% more per employee than private-sector employers last year. That's partly because government workers are more likely to participate in richer retirement and health plans. More than four in five government employees participates in a retirement plan, compared with just half of...
The Cuban case is, in effect, a high-stakes game of he said-she said. But even if the SEC's version of events holds up in court, there is still a chance that the case could keep going. Stephen Bainbridge, a law professor at UCLA who has followed insider...