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Exact(28)
But why should essentially average performance mean that kind of payout?
"[That scale of payout] is precisely why we asked the PAC to look at severance payments," he said.
The size of payout checks is determined annually, at year-end, using an average of three-year performance; the minimum initial fund purchase is $25,000.
Companies are able to employ older workers, but if they choose to let them go they are not obliged to offer them any kind of payout.
And it is expected to cost the state's government at least A$70m (about $35m) in equipment and manpower to calm the flames, while insurance companies face a similar level of payout once the fires have been doused.
Western Union and MoneyGram, the two largest money transmitters, have a combined 50% or more of the market in three-quarters of Sub-Saharan countries (using number of payout locations as a proxy for market share).
Similar(31)
Thoughts of payouts were way down the agenda.
Officials analyzed the last four years of payouts of claims before making the decision.
Just 11 percent of the announced changes were negative — eliminations or reductions of payouts.
This could potentially open the floodgates to thousands of payouts to other borrowers.
ResCap's filing is meant to end years of payouts, totaling billions of dollars, aimed at keeping the business afloat.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com