When electricity went to market
Competition is forcing the retail and contracting operations of many electricity companies to rein in pay increases despite the profitability of most core electricity companies. A survey of 30 pay groups (13 retail and 17 contract) with 13,588 staff found that, due largely to national agreements promulgated by the Joint Industrial Board for electrical contractors and the National Joint Council for Environmental Engineers, contractors' employees have generally enjoyed pay increases while retail staff face cuts or freezes.
Publication Name: Pay and Benefits Bulletin
Qualified plans for service partnerships, professional corps
Participants in nonqualified deferred compensation plans are generally not protected under ERISA, so service partnerships and professional corporations may want to elect one of the qualified retirement plan options suitable to their needs. These include Keogh plans, profit-sharing plans, defined benefit pension plans, money purchase pension plans, target benefit plans and age-weighted plans. Age-weighted plans allot older, highly paid employees a larger part of the employer's contribution.
Publication Name: Estate Planning
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