Increased retirement benefit for executive level employees
There is a proposal going around that would give Senior Management up to an additional per cent on their retirement allowance. (Benefit accrual rate for average employee is 2.5%, their's would be 3.5) I am having some problems with this, but have been told it is not an uncommon practice. Could you give me some input? (Particularly those of you in public/government sector) While we are at it.. What is your life insurance program? Is it common to give lower paid workers a flat amount ($5,000) while higher paid people get salary +? Thanks in advance.