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Shortly after the steam locomotive became practical for mass transportation, [6] the private Boston and Lowell Railroad was chartered in 1830. [7] The rail, which opened in 1835, [6] connected Boston to Lowell, [8] a major northerly mill town in northeast Massachusetts' Merrimack Valley, [9] via one of the oldest railroads in North America.
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...
The Bureau of Labor Statistics, [3] like the International Accounting Standards Board, [4] defines employee benefits as forms of indirect expenses. Managers tend to view compensation and benefits in terms of their ability to attract and retain employees, as well as in terms of their ability to motivate them.
State Street Bank and Trust Company, also known as Global Services, is the securities services division of State Street that provides asset owners and managers with securities services (e.g. custody, corporate actions), fund accounting (pricing and valuation), and administration (financial reporting, tax, compliance, and legal) services.
Former Massachusetts inspector general Greg Sullivan criticized state police overtime as excessive, pointing out an unusual number of troopers who earned more in 2017 than the governor of the state. He cited the use of state police instead of civilian employees to direct traffic at construction details and Logan Airport as examples of wasteful ...
Upon the creation of a new Federal Employees Retirement System (FERS) in 1987, those newly hired after that date cannot participate in CSRS. CSRS continues to provide retirement benefits to those eligible to receive them. CSRS is a defined-benefit plan, akin to a pension. Notably, though, CSRS employees do not participate in Social Security ...
The Mach number is named after the physicist and philosopher Ernst Mach [3] according to a proposal by the aeronautical engineer Jakob Ackeret in 1929. [4] The word Mach is always capitalized since it derives from a proper name, and since the Mach number is a dimensionless quantity rather than a unit of measure, the number comes after the word Mach; the second Mach number is Mach 2 instead of ...
A 2011 view of the data, released by the state in 2013, shows the number of people receiving employer-sponsored insurance (ESI) in Massachusetts decreased by approximately 500,000 people (about 8% of the state population) since the enactment of the Massachusetts health insurance law in 2006.