| Unversity Place litigation settled
A settlement has been reached in litigation over the University of Idahos failed University Place real estate project in Boise. Under its terms, the UI Foundation will pay $2.5 million and the various parties insurers will pay $5.8 million, for a total $8.3 million mediated settlement. Of that, $5.8 million goes to the foundations Consolidated Investment Trust, and the other $2.5 million goes to the university. In a joint statement, the parties, who include law firms, insurance companies, the UI Foundation board, and former UI officials including former President Robert Hoover, said, The settlement is a reasonable resolution of an extremely complex matter, avoids substantial future litigation costs, and is in the best interest of the University community. The amount being paid by each party is being kept secret.
Indefinite leave of absence a tricky situation
Q. We have a long-term employee who is suffering from chronic diabetes. He went out on disability in July 2006 to begin treatments. We expected him to be away for about two months.
More than a year later, he hasn't come back. Several months after he left, we received a disability claim from him. No money has been paid yet, nor has a hearing been scheduled.
In the meantime, the head of human resources has met with the employee to see what was going on and to determine if the guy could come back to work. Unfortunately, we've had no luck in persuading him to come back. So my first question is: Can we terminate him, or would the repercussions be too great?
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Security Benefit Completes Acquisition of Rydex Investments
TOPEKA, Kan., Jan. 18 /PRNewswire/ -- Security Benefit today announced that it has closed its acquisition of Rydex Investments, a Maryland-based investment management company that is a leader in bringing institutional-style investment products to the retail market. "Today's action is a significant milestone for both Security Benefit and Rydex Investments and provides important benefits for all of our key stakeholders," said Kris Robbins, Security Benefit chairman of the board and chief executive officer. "In addition to diversifying our business -- a critical element of success in today's often volatile financial marketplace -- it enables Security Benefit to continue its history of providing broader solutions through sophisticated asset and risk management skills; comprehensive products, options and choices; and a growing array of traditional and non-traditional capabilities." The combined organization has approximately $35 billion in assets under management resulting in approximately $52 billion of assets under administration.
The Viacom Walkout: It Is On
When you simply tell us what you want, and allow us to serve as the employer of record for the crew (your own or one we book), we can also answer yes to the test questions of the employer as well. Yes, we require the individual to perform his services at a place we designate.
Yes, we establish a specific sequence or order for that crew member to follow in the performance of the job.
Yes, we pay for their services based on time.
Yes, we provide the detailed instructions as to how the work is to be done.
Yes, we provide the crew with the training related to the performance of the function.
Yes, we require the personal service of the individual crew member in question.
Yes, we establish or maintain a continuing relationship with the individual crew member.
TheStar.com | Business | What you need to know about your pension
Suppose you have job offers from two employers that are very similar in terms of salary, working conditions and other priority items. Comparing the retirement plans might tilt the balance for you, especially if you don't plan to stay with either employer until retirement. Here are some questions to ask about a pension plan so you can make an informed decision. They're from a publication, "Your Pension Rights," by the Financial Services Commission of Ontario (www.fsco.ca), which regulates registered pension plans. Am I eligible to join the pension plan? When? Can I join if I work part-time? Do I have to join the plan? What type of plan do I belong to? Do I have to contribute to the plan? Can I contribute more if I want to? How much does my employer contribute? What happens if I leave my job before I retire? What is the normal retirement date under the plan? At what age can I retire early? Will my pension be reduced if I retire early? How is my pension calculated? Is it indexed to the cost of living? Will my benefits be reduced when I receive Canada Pension Plan benefits? What happens if my employer sells the business or goes out of business? Do I have a say in how the plan is administered? What is the financial position of the plan? Don't worry if you don't get answers right away.
Dolan still has confidence in Knicks coach Thomas
The Suns' Grant Hill on how Orlando has been revitalized under coach Stan Van Gundy: "We didn't get the right coaching there. I think we under-performed the last few years." Nice slap at former Magic coach Brian Hill, who is now an assistant in New Jersey helping Lawrence Frank do the same thing to the Nets.
Has Shaq's star finally faded?
With fan voting concluding today, Shaquille O'Neal's streak making an All-Star roster appears all but over. Orlando's Dwight Howard has a 2-1 lead in the voting, and Toronto's Chris Bosh is expected to be selected by coaches as the reserve center. O'Neal has been selected to the All-Star Game every year there has been one during his 15-year career. The exception was the lockout-shortened 1999 season.
Heat coach Pat Riley is perhaps the only person in the NBA who believes Shaq deserves consideration based on his body of work.
Ottawa redirects AIDS funds for Gates initiative
OTTAWA Federal funding for community AIDS programs in Ontario is being slashed as the Conservative government readjusts overall spending and redirects money to an AIDS vaccine initiative it announced earlier this year with Bill Gates. Money that helps prevent local organizations stem the spread of the virus and provide support to those infected is being reduced by 30 per cent across the province in this fiscal year. .
The bank most likely to walk into a sharp object
What these investors didn't know was that CIBC was preparing to write down an additional $2-billion in a matter of weeks, enough to make it one of the costliest misadventures in Canadian banking history. Mr. McCaughey, whose entire tenure to this point had been geared toward erasing the taint of previous scandals, methodically stripping away risk and rehabilitating the bank's maverick reputation, knew that he would have to make senior management changes, and was already in secret negotiations to recruit his close friend Richard Nesbitt, who runs the Toronto Stock Exchange, as a replacement for Brian Shaw as head of the gaffe-prone investment bank, CIBC World Markets. Mr. Shaw, who probably suspected at this time that his days were numbered, nevertheless remained in Toronto while his family went to Mexico on vacation, helping to carry out one of Mr.
Breast Cancer On the Rise Among Young Women
And, she says, it was risky, because she had to undergo a mastectomy and chemotherapy during her pregnancy.
"I really didn't want to. I was begging my doctor to wait until the baby was born, but it was aggressive enough that we needed to get started," she says. "Then in the day after my last treatment, my son was born. He was healthy."
Johnson is a breast cancer survivor, and so is her friend, Kim Carlos. She was diagnosed with the disease at age 30 while she was planning her son's second birthday party. "When I was diagnosed, the first thing I obviously thought of was my son," she says. "He was just turning 2 and I wanted to be here to see him grow up."
During their treatment journey, Carlos and Johnson formed a support group with two other friends.
Mich. couple killed in accident leave $1.6 million to surprised ...
And it didn't matter to them if you had one dollar or 10, they'd be your friend." Judging by the amount of money they doled out, the couple had many friends, including fellow parishioners at Alto United Methodist Church, where many of the beneficiaries are members. "We, the whole church, are obviously grateful to them, and grateful to God that he gave them to us," said the Rev. Dean Bailey. Added Bailey's wife, Jan: "They left a lot to the people they'd loved, and I think everybody was surprised." That included the Baileys, who were notified that the Hatches had left the church about $50,000 toward a fund trying to raise $800,000 for a new building. Their gift, said the pastor, represents "about a year's worth of our fundraising capability." .
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