ERIE COUNTY, NY — Today, Erie County Executive Mark C. Poloncarz issued the following statement pursuant to the Erie County Industrial Development Agency's («ECIDA») board passage of
a Pay Equity Policy to address wage discrimination in companies seeking inducements.
The Erie County Industrial Development Agency has approved a mandate requiring any company that receives tax breaks or incentives must pay female employees equal rates as their male counterparts, if both are doing the same job or holding the same position.While the 15 ECIDA directors who were at the meeting support
the pay equity policy, questions were raised about how it may be enforced.
The pay equity policy, pushed by Erie County Executive Mark Poloncarz, is intended to make sure that companies receiving tax breaks through the Erie County IDA are complying with existing laws requiring that men and women receive equal pay for similar work.
«Today the ECIDA board approved
the Pay Equity Policy that will force businesses that apply for ECIDA programs to duplicate work.
Not exact matches
As the American Association of University Women notes in its
Policy Guide to Equal
Pay in the States, pay equity laws are robust and wide - ranging in states like California and Delawa
Pay in the States,
pay equity laws are robust and wide - ranging in states like California and Delawa
pay equity laws are robust and wide - ranging in states like California and Delaware.
Pay equity practices come from a combination of payroll audits, committed leadership and
policies that promote equality and diversity in the workplace.
If you hold your shares in street name, it is critical that you cast your vote if you want it to count in the election of directors, the vote to approve the amendment to our Amended and Restated Certificate of Incorporation, the vote to approve the amendment and restatement of our 2013
Equity Incentive Plan, the advisory vote to approve named executive officer compensation, and the stockholder proposals requesting: (i) the elimination of supermajority voting requirements, (ii) the adoption of a
policy to consider employee
pay ranges when setting CEO compensation, and (iii) a report on Salesforce's criteria for investing in, operating in and withdrawing from high - risk regions (Proposals 1, 2, 3, 5, 6, 7 and 8 in this Proxy Statement).
The
pay -
equity policy was championed by County Executive Mark Poloncarz as a way to make sure that men and women are
paid equally for doing the same work — a widely studied issue across the country.
It typically takes 11 years to build enough
equity to cancel a borrower -
paid mortgage insurance
policy.
The Board recommends a vote AGAINST a stockholder proposal seeking to have us adopt a
policy requiring that senior executives retain a significant percentage of stock acquired through
equity pay programs until reaching retirement age because our existing stock ownership guidelines and other compensation
policies already effectively facilitate significant stock ownership by our executives, and establishing holding requirements based on a particular retirement age would not be in the best interests of our stockholders.
Additionally, much to the chagrin of the old boys network in town, we instituted
policies in Erie County and at the ECIDA that mandate
pay equity for female employees because there is no reason why a women should be
paid less than a man for the same work.
«Nobody is against
pay equity who voted against this
policy, anyone who suggests otherwise is just looking to invoke political rhetoric.
The Buffalo Niagara Partnership had proposed an alternative to Poloncarz's
pay equity plan that would have eliminated the random audits, but the IDA's
policy committee rejected that plan earlier this month.
Critics, however, said the
policy goes too far by making companies receiving tax breaks subject to random audits by the IDA that would require the firms to disclose payroll data that would allow the agency to determine whether it was meeting the
pay equity standard.
Rath, another
pay equity supporter, said he hoped the
policy would have been further reviewed before the vote took place.
The Partnership advocates for
pay equity but Gallagher - Cohen said she is concerned the
policy may make the region appear less business - friendly than other areas of the state or country.
Poloncarz said the audits, the first of which are likely to occur in late 2016 or early 2017, are an essential part of the
policy because they allow the IDA to verify that companies are complying with the
pay equity rules.
The
policy makes the Erie County IDA the most aggressive in the state in pushing companies receiving tax breaks to comply with
pay equity rules.
The key issue for some IDA directors was not
pay equity but how the
policy will work and be enforced.
Employers seeking guidance in instituting
pay equity in their own companies can access the National Committee on Pay Equity's Self - Audit, which provides a ten - step guide for evaluating current organizational pay policy and implementing equity - inducing changes where necessa
pay equity in their own companies can access the National Committee on Pay Equity's Self - Audit, which provides a ten - step guide for evaluating current organizational pay policy and implementing equity - inducing changes where nece
equity in their own companies can access the National Committee on
Pay Equity's Self - Audit, which provides a ten - step guide for evaluating current organizational pay policy and implementing equity - inducing changes where necessa
Pay Equity's Self - Audit, which provides a ten - step guide for evaluating current organizational pay policy and implementing equity - inducing changes where nece
Equity's Self - Audit, which provides a ten - step guide for evaluating current organizational
pay policy and implementing equity - inducing changes where necessa
pay policy and implementing
equity - inducing changes where nece
equity - inducing changes where necessary.
If a country finds a way to meet the basic needs of women by taking loans that the whole society must
pay, but the national constitution, and the various
policies and services do not show the timely commitment for
equity and equality, the chance to eradicate poverty and hunger will only be about the alleviation of these two major indicators of real development and sustainability It is then urgent and important not to fall in such a trap, which only comes to add to the financial and economic indebtedness of the society, and nations, to say the least, and to maintain the system of inequality and impoverishment as it basically exist..
As I've written before, ESSA's thinning of federal
equity protections makes it essential that EL stakeholders, advocates, and researchers
pay careful attention to the details of state
policy decisions.
PMI serves as an added insurance
policy that protects the lender if you are unable to
pay your mortgage and can be cancelled from your payment once you reach 20 %
equity in your home.
What it means is you are going to have to
pay considerably more attention this year to a fund's prospectus and its discussion of hedging
policies, especially if you invest in international and / or emerging market mutual funds, both
equity and fixed income.
Some provinces (Manitoba, Ontario, New Brunswick, Quebec, Prince Edward Island and Nova Scotia) have specific
pay equity legislation, while other provinces (Saskatchewan, Newfoundland and British Columbia) have some
policies for negotiating
pay equity for public sector employees.
Utility companies are back in the headlines as investors reconsider their preference for dividend -
paying equities with uncertain tax
policy coming in 2012.
Once 20 % of the principal balance of a loan is
paid off, or a borrower owns 20 % of the
equity of their home, borrowers are no longer considered a high default risk and can request that the mortgage insurance
policy be cancelled.
LIC endowment
policy - 25313 / Annum From FY 16 - 17, I want to change my investment strategy in d following way EPF - 49,000 PPF - 62,000 DSPBR Micro-Cap Fund - Reg (G)-2500 / Month Mirae Asset Emerging BlueChip - Reg (G)-2500 / Month Axis Long Term
Equity Fund (G) ELSS — 2500 / Month Max online Term Insurance plan 1Cr - 9045 / Annum LIC Endowment
policy - Plan to close, Already
paid for 6 year
Whereas conventional loans allow you to cancel your insurance
policy once you've accrued enough
equity on the home, FHA loans require that you continue
paying monthly mortgage insurance premiums.
We with many other services, including workers» rights, employment standards, human resources
policies, compensation, job classification,
pay equity, pensions, benefits, recruitment, hiring, workplace privacy, workplace reorganizations, lay - offs, bankruptcy, insolvency, and workplace safety and insurance.
We guide clients through immigration
policies and planning; HIPAA, COBRA and OSHA compliance and reviews; affirmative action,
pay equity and diversity plans and
policies; e-discovery planning and compliance; and legislative and regulatory assistance.
Carmen regularly assists clients with wrongful dismissal suits, injunctions, employee terminations, drafting employment contracts,
pay equity calculations, and the creation of workplace
policies, manuals and procedures.
Modified Endowment contracts (MEC) Modified Endowment Contracts (MEC) are the result of
paying too much funding premium into a
equity indexed universal life, variable universal life, or other adjustable life
policy in too short a period of time (usually in the first 7 years).
Whole life is kind of like a mortgage, you
pay a proportionally greater amount in «interest» up front, and then as time goes on, your monthly premium payment begins to go more entirely towards your Cash Value (think «
equity» in your
policy).
Once 20 % of the principal balance of a loan is
paid off, or a borrower owns 20 % of the
equity of their home, borrowers are no longer considered a high default risk and can request that the mortgage insurance
policy be cancelled.
Term life insurance doesn't accumulate
equity as you
pay your premiums, and your coverage ends when your
policy's term finishes.
Whole life insurance offers a way to accumulate wealth as the premiums that are
paid into the
policy go towards both payment of the insurance portion as well as toward
equity growth in a savings - type of account.
Out of the premium
paid on the ULIP
policy, a portion is used for providing a life insurance cover and the balance is used for investing in
equity and debt instruments.
Modified Endowment Contracts (MEC) are the result of
paying too much funding premium into a
equity indexed universal life, variable universal life, or other adjustable life
policy in too short a period of time (usually in the first 7 years).
Hello I am 63 andhave a
policy with Protective life to cover a home
equity loan if I pass before it is
paid off.
I am confused whether to continue
paying for the remaining years or should i convert them into a
paid up
policies and invest in
equity.
I am now looking to diversifying by moving to «
Equities» and thereby thinking to surrender or
paid - up for the few
policies h) to m).
Some part of the premium
paid is utilized to offer insurance cover to the
policy holder while the remaining portion is invested in various
equity and debt schemes.
A whole life
policy offers cash
equity, which means that after a certain amount of time you can cash in your
policy if you have
paid enough in.
And, a conservative fund (25 per cent in
equity) would
pay 145 - 190 per cent, depending on the premium payment option, the
policy term and the investment option.
Sample this: ICICI Prudential Life Insurance will
pay 101 per cent of the premiums
paid till date to an aggressive investor (75 per cent in
equity), irrespective of the
policy term.
A part of the premium
paid is utilized to provide insurance cover to the
policy holder while the remaining portion is invested in various
equity and debt schemes.
The premium
paid by the
policy holder is utilized by the insurance provider to provide insurance cover back to the
policy holder whereas the rest of portion is invested in various
equity and debt schemes.
Universal life insurance is a type of permanent life insurance with flexible premiums based on a minimum and maximum rate — as long as you continue to
pay the minimum premium, the universal
policy maintains its good standing; however, no
equity is built and the cash value does not grow.
Of course, with a mortgage the loan is generally being
paid off while the house appreciates, so the
equity usually increases... while with a life insurance
policy, the loan can accrue interest, leaving little
equity in the
policy (even though the gain still looms large).