City considers staff benefit cuts
Proposals would save $973,000.
By Sara Semelka
Friday, July 24, 2009
As the city looks to trim about $2 million from its general fund budget, staff members have identified almost $1 million in savings through reductions in employee benefits. In a memo sent to employees, City Manager Bill Watkins outlined four proposals for cost-saving measures, based on feedback from an informal poll of employees, labor groups and the Employee Benefits Committee. More
http://tinyurl.com/hrcom-benefits46
PBGC plans; Delphi in court today: Pensions are fourth-largest plan organization has ever assumed
Fri. July 24, 2009; Posted: 02:35 PM
Jul 24, 2009 (Kokomo Tribune - McClatchy-Tribune Information Services via COMTEX) -- GRTYA | Quote | Chart | News | PowerRating -- In a move that might ease the auto supplier's emergence from a four-year bankruptcy, Delphi Corp. announced Wednesday it will hand over 70,000 hourly and salaried pension plans to the federal government. At a cost of $6.25 billion, it is the Pension Benefit Guaranty Corp.'s second-largest amount paid out; by population, the plan is the fourth-largest the PBGC has ever assumed. More
http://tinyurl.com/hrcom-benefits47
Thursday, July 23, 2009
First Community Bancshares, Inc. Announces Second Quarter 2009 Results
BLUEFIELD, Va., Jul 23, 2009 (BUSINESS WIRE) ----First Community Bancshares, Inc. (NASDAQ:FCBC) (www.fcbinc.com) today reported net income for the quarter ended June 30, 2009 of $3.47 million. Net income available to common shareholders for the second quarter was $2.89 million, or $0.23 per diluted common share. Return on average assets for the second quarter was 0.53% and return on average common equity was 6.05%. More
http://tinyurl.com/hrcom-benefits48
