AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Rejection of president pension bill costs state one million.
(From Czech News Agency)
PRAGUE, May 1 (CTK) - Deputies have deprived the state of almost one million crowns by their rejection of the government- proposed bill on pension for former presidents in late February.
The legislation was to take effect on May 2 and former president Vaclav Havel, whose term of office ended on February 2, was to be the first to take advantage of it.
The state will now have to pay Havel more than 800,000 crowns as severance pay.
The former presidents are entitled to severance pay after their term expires as many other state officials if they fail to obtain another post paid by the state within three months since they leave office.
On February 27 the Chamber of Deputies unexpectedly rejected the bill submitted by Deputy Premier Pavel Rychetsky. Rychetsky then said that most deputies probably did not want presidents to have any special privileges after their term expires, adding that the rejection could be directly connected with the person of Havel.
Rychetsky explained that if the bill had been passed the president would have lost any right to severance pay after his term expires.
- Four steps to establishing a sound severance pay plan.
- Magazine article from: Supervision Zalik, Stephen June 1, 1994 700+ words
...people are going to lose their jobs. Severance pay is one means companies employ to cope...despite the best of intentions, severance pay policies can cause even more serious...company is better off not providing severance pay than having a plan that is not well...
- Advance notice and severance pay provisions in contracts.
- Magazine article from: Monthly Labor Review Pita, Cristina July 1, 1996 700+ words
Advance notice and severance pay provisions appear more frequently...the Bureau of Labor Statistics, severance pay and advance notice of layoffs...amount of advance notice days and severance pay varies among plant-union pairs...
- Severance Pay Arrangements May Be Affected by New Deferred Compensation Rules.
- News wire article from: Mondaq Business Briefing O'Leary, David January 4, 2006 700+ words
...compensation plans, including certain severance pay plans and agreements. The new rules...ability to make changes to an election. Severance Pay Arrangements May Be Subject to Deferred...distinction between a plan labeled as a severance pay plan and a nonqualified deferred ...
- Severance Pay Packages Get Shorter, Leaner.
- Newspaper article from: Knight Ridder/Tribune Business News February 19, 2003 700+ words
...Business News Feb. 19--The prospect of severance pay might offer some comfort in this rocky...offered three year earlier. In fact, severance pay is at its shortest levels since the...managers and executives. The decline in severance pay comes as the time needed to find a...
- Higher Severance Pay Cushions Layoff Blow
- Newspaper article from: Chicago Sun-Times Frederick H. Lowe June 8, 1994 700+ words
...softening the blow of layoffs with improved severance pay packages because it's taking longer...Companies are more liberal with severance pay because the economy has been sluggish...workers served by Janotta, Bray. Severance pay has improved to help dismissed employees...
- Healthcare, Energy and IT Companies Tend to Offer Most Generous Severance Pay...
- Press release article from: PR Newswire June 11, 2003 700+ words
...more liberal formula when calculating severance pay for top executives," said Geof Boole...resulted in a subtle tightening of severance pay in nearly all industries. Companies...to offer top executives two weeks of severance pay for every year of service, the study...
- Severance pay becomes a federal case. (Burlington Industries)
- Magazine article from: WWD Greene, Jan February 19, 1986 700+ words
Severance pay becomes a federal case It all started...substantially employee rights in areas besides severance pay, while Burlington contends the courts...not required to give $600,000 in severance pay to those employees. Although offered...
- Du Pont responds to DOE on severance pay. (Department of Energy)
- Press release article from: PR Newswire August 24, 1988 700+ words
DU PONT RESPONDS TO DOE ON SEVERANCE PAY WILMINGTON, Del., Aug. 24...reimbursement from the government for severance pay paid to Savannah River Plant...reimbursement from the government for severance pay to Savannah River Plant employees...