Ford To Issue Profit Sharing Bonuses
Ford has just finished one of their most profitable years ever and wants to reward employees for this incredible accomplishment. UAW workers can expect to receive profit sharing bonuses this year that will likely be the largest in the last decade. White collar workers on the other hand are not going to receive salary increases this year because their salaries are already on par with counterparts in the industry.
Profit sharing bonuses are typically paid out in March. The exact amount is still unknown but will be based on 2010 results.
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In: Business Stories · Tagged with: Accomplishment, Counterparts, Ford, Last Decade, Profit Sharing, Salaries, Salary Increases, Salary Information, Uaw Workers, White Collar Workers
Andrew Biggs on States Underfunded Pension Funds
Andrew Biggs (a former Social Security analyst and Assistant Director of the Cato Institute’s Project on Social Security Choice) offers his perspective on the serious problem of States with underfunded pension funds. The problem is one of solvency in which liabilities exceed the states assets. He has proposed that states change the way they report their funds accounting by using market valuation rules to give a truer picture of the unfunded liability. Some of these pensions are being funded now in riskier equities versus more stable bond offerings. Since these pensions are guaranteed, many taxpayers do not realize that they will be on the hook to make up for any shortfall. (listen to podcast below for full story)
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In: Business Stories · Tagged with: Accounting, Andrew Biggs, Assets, Assistant Director, Bond Offerings, Cato Institute, Hook, Liabilities, Market Valuation, Pension Funds, Pensions, Perspective, Salary Information, Shortfall, Social Security, Social Security Analyst, Solvency, Taxpayers, Unfunded Liability, Valuation Rules
Cartoon of the Day
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In: Uncategorized · Tagged with: Cartoon Of The Day, Salary Information
