Not exact matches
Section 162 (m) of the Code imposes a $ 1.0 million cap on the compensation deduction that a
public company may take in respect of compensation paid to our «covered
employees» (which includes our Chief Executive Officer and our next three
most highly compensated
employees other than our Chief Financial Officer), but excludes from the calculation of amounts subject to this limitation any amounts that constitute «qualified performance - based compensation,» or «QPBC,» within the meaning of Section 162 (m) of the Code.
Some folks have no pensions; some have a defined contribution plan, which depends on the market;
others, including
most public employees and more than half of the private - sector ones have a defined benefits plan — you get a guaranteed pension based upon years of service.
Similarly, the amount state and local governments will have to pay into the state's main pension fund for
other public employees would double to nearly $ 4 billion — even if
most localities opt into a borrowing scheme approved this year by lawmakers to soften the blow.
Public pensions are being tightened in
other states across the country where government
employees, as in New York, receive far more generous retirement benefits than
most private
employees; many companies are eliminating pensions altogether.
There is some level of interest in the troopers deal since contracts with
other major state
employee unions,
most notably the
Public Employees Federation, will expire this year, meaning that contract talks could be starting in the next several months.
Michael Mulgrew, president of the UFT, said: «The pension and retirement funds of New York State educators,
public employees and unionists should avoid investing in private equity funds, such as New Mountain Capital or
other private equity funds, that maximize profits by denying the
most fundamental rights of workers.
The loss of
most collective bargaining rights for teachers and
other public employees would almost certainly mean more frequent walkouts and strikes, she said.
Having just observed Memorial Day, a special time to honor military personnel who died while serving the United States,
most Americans would probably be stunned to learn that teachers and
other public employees DO NOT HAVE full First Amendment rights when working in their capacity as a
public employee.
There are
other retirement accounts, such as a 403 (b) for
public service
employees, Individual Retirement Accounts (IRA), and Roth IRAs, but a 401 (k) is the
most common when you are employed by someone else.
The
most important impact of the judgment, even if Mike Duffy is ultimately acquitted of all charges, may be the effect on
other Senators, Parliamentarians and
public employees on how they handle their expenses.
Being one of the
most dangerous jobs, police officers and
other public safety
employees often need counsel for workplace injuries.