Generally speaking, a private company is entitled to keep the share equivalent to its contribution to its employees' insurance costs, said a Labor Department spokesman who requested anonymity, and is required to allocate the rebate to plan subscribers in the same proportion as those employees' premium contributions.
BEHIND THE NEWS Borrowing heavily to cover shortfalls has gotten Illinois into trouble before, and the state was already trying to cover its contribution to its pension fund by issuing $3.7 billion in bonds (the sale was pushed back to next week).
It is judged by its contributions to its community.
It cut capital spending, reduced its contributions to its employees' retirement funds and slashed its dividend to preserve cash.
Macy's announced in February that it was eliminating 7,000 jobs, almost 4percentt of its work force, and cutting capital spending, reducing its contributions to its employees' retirement funds and slashing its dividend.
Re "Sharing the Bounty: How Much Is Enough?" (Midstream, Dec. 24), in which James Schembari discussed his family's decision to increase its contributions to its church: I plan to share his column with fellow officers of my church in Washington, D.C.
Numbers in the report show that the state will be able to reduce its contributions to its pension funds, saving the state money, starting with $300 million in its first year and adding up to tens of billions of dollars over time.
For unlike discharges for inadequate job performance, which may reasonably be foreseen, the closing of a plant is a contingency outside the range of normal expectations of both the employer and the employee as is made clear by the fact that Allied did not rely upon the possibility of a plant's closing in calculating the amount of its contributions to its pension plan fund.
Many of the recipients of Venezuelan aid fear that with continuing low oil prices Venezuela will soon significantly reduce its contributions to its allies.
DuPont said it would continue its defined-benefit pension program for current employees, but after 2007 it would reduce its contribution to one-third of its current level.
The two agencies' behavior fits a pattern, however: Last year, Spain reduced its contribution to the European Space Agency, and it paid its 2011 contribution to CERN in December of 2012, more than a year late, putting its voting rights in danger.
