Friday, June 19, 2009
Nationwide cancels state workers' union pension contracts
Nationwide Life Insurance Co. on Thursday announced plans to cancel contracts with a union that some have alleged amount to kickbacks.
The move came a day after the State Personnel Board voted to end the contract that gave Nationwide responsibility for more than 11,000 state employee pensions.
The board cited unresolved questions about payments, sometimes in excess of $1 million a year, from Nationwide to the Alabama State Employees Association...
Al.com: Nationwide cancels state workers' union pension contracts
The move came a day after the State Personnel Board voted to end the contract that gave Nationwide responsibility for more than 11,000 state employee pensions.
The board cited unresolved questions about payments, sometimes in excess of $1 million a year, from Nationwide to the Alabama State Employees Association...
Al.com: Nationwide cancels state workers' union pension contracts
Permalink posted by markw @ 5:02 AM 
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