Defined benefit pension plans are a world unto themselves. The plans generally provide for an annual benefit equal to a percentage of an employee's compensation multiplied by the employee's years of service. The amount of the annual benefit and the annual compensation considered in calculating the annual benefit are limited by the tax laws. In addition,...
A principal method corporations use to engage in campaign activity is the
political action committee ("PAC"). The corporation forms a PAC composed of
corporate officers, who are appointed to the PAC by the corporation's board of
directors. The PAC solicits contributions from employees, and decides which
candidates will receive contributions from the PAC.