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The Financially Distressed Municipalities Act (Act of 1987, P.L. 246, No. 47), also known as Act 47, is a Pennsylvania statute outlining procedures to stabilize municipalities in Pennsylvania undergoing financial distress.
Local municipalities can be governed by statutes, which are enacted by the Pennsylvania General Assembly, and are specific to the type and class of municipality; by a home rule municipality, under a home rule charter, adopted by the municipality; or by an optional form of government, adopted by the municipality. [3]
Watch for bias, don't overvalue stock options, and know what you're entitled to receive if you're fired, say employment attorneys who specialize in executive compensation.
Most municipalities in Pennsylvania must follow state law except where the state has expressly given jurisdiction to the municipality, and are therefore subject to the Third Class City Code, the Borough Code, the First Class Township Code, the Second Class Township Code, or other acts for sui generis municipalities.
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The Transportation Committee passed the bill 22-3 Monday, sending it to the full House, where it could be up for final passage Wednesday.
2. Role of Unions: While union membership has declined in recent decades, unions still play a crucial role in the collective bargaining process, representing workers in negotiations with employers. [19] 3. Bargaining Representative: Employees can appoint a bargaining agent, such as a union representative, to negotiate on their behalf. [20] 4.
Your salary is a lot like investing: where you start definitely impacts your total return. Start a job at $50,000 a year instead of $55,000 a year and if your raises are percentage-based -- or if ...