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So, like many employers in many places, it wants to phase in contributions for existing employees and substitute a defined-contribution scheme for new ones.Final-salary schemes are rare in the modern workplace; a scheme in which employees contribute nothing even more so.
The group also raised about $30,000 in contributions for the American Red Cross.
Persky has raised $3,600 in contributions for his campaign, according to the Mercury News.
Last year alone, the family gave Mr. Hevesi more than $92,000 in contributions for his mayoral campaign.
While some, mainly older workers, have kept their guaranteed benefits, employers have made dramatic cuts in contributions for younger staff.
Mr. Cantu helped bundle hundreds of thousands of dollars in contributions for Hillary Rodham Clinton's 2008 presidential campaign.
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The organization's board co-chair, Karen Dixon, and her wife, Nan Schaffer, will match up to $1 million in contributions, dollar-for-dollar.
He called on the Republican National Committee to correctly report the in-kind contributions for the $7m investigation in its next filing with the Federal Election Commission.
Mr. Levine said he hoped to raise $12 million in private contributions for the program in its first year.
Salaries will be reduced for top employees, too, and the company plans unpaid furloughs as well as a reduction in pension contributions for those working in the United States.
The zero-contribution threshold was raised to $60,000 in 2006, with further reductions in parental contributions for families with incomes up to $80,000.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com