in the waning moments of Monday....
Aug. 4th, 2008 11:47 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
lagilmanHARD MAGIC is off to Madame Editrix. So now I get to not think about it (hah) for a month or so.
Now I get to play in an alternate 15th century full-time. Wheee!
And some 21st century life intruding, because not all of you read the WSJ...
"At a time when scores of companies are freezing pensions for their workers, some are quietly converting their pension plans into resources to finance their executives' retirement benefits and pay.
In recent years, companies from Intel Corp. to CenturyTel Inc. collectively have moved hundreds of millions of dollars of obligations for executive benefits into rank-and-file pension plans. This lets companies capture tax breaks intended for pensions of regular workers and use them to pay for executives' supplemental benefits and compensation....Generally, only the executives are aware this is being done. Benefits consultants have advised companies to keep quiet to avoid an employee backlash."
http://online.wsj.com/article/SB121761989739205497.html
Uh-huh. If you work for a corp? Might want to poke around in your company's books... (and if you've got a Union? Use it. This is what you're paying those dues for!)
Now I get to play in an alternate 15th century full-time. Wheee!
And some 21st century life intruding, because not all of you read the WSJ...
"At a time when scores of companies are freezing pensions for their workers, some are quietly converting their pension plans into resources to finance their executives' retirement benefits and pay.
In recent years, companies from Intel Corp. to CenturyTel Inc. collectively have moved hundreds of millions of dollars of obligations for executive benefits into rank-and-file pension plans. This lets companies capture tax breaks intended for pensions of regular workers and use them to pay for executives' supplemental benefits and compensation....Generally, only the executives are aware this is being done. Benefits consultants have advised companies to keep quiet to avoid an employee backlash."
http://online.wsj.com/article/SB121761989739205497.html
Uh-huh. If you work for a corp? Might want to poke around in your company's books... (and if you've got a Union? Use it. This is what you're paying those dues for!)
