Loren Rodgers
The Center for American Progress, a progressive think tank, issued a report on January 20 titled Building Workers’ Wealth in Cities and States. The Center worked with the Hillary Clinton campaign on its economic policy.
NCEO
The NCEO exists to make employee ownership thrive, and our work—as measured by revenue—has more than doubled in the last decade. That growth means it is time for us to hire a controller. We've posted a job description that we're hoping to fill by early March.
Loren Rodgers
Deval Patrick, the former governor of Massachusetts and the latest entrant into the race for the Democratic presidential nomination, released his Opportunity Agenda on January 16. In it, he proposed several steps to promote employee ownership:
Loren Rodgers
Over 300 people have voted in the election for the NCEO's board of directors, and balloting will close this Friday, January 17, at 5 pm Pacific time.
Loren Rodgers
Members in good standing of the NCEO will receive an email on Tuesday, January 7, 2020, announcing the board elections. The email will include a link to a confidential electronic ballot. Directors will be selected through this election and appointment by existing board members for the upcoming board term, which runs from April 1, 2020, through March 31, 2023. Balloting will end on January 17.
Corey Rosen
In General Legal Advice Memo 2019-03, the IRS ruled that payments from a company to a former employee under an ESOP price protection plan are immediately taxable if made directly to the employee, but not if the employer makes a special "qualified non-elective contribution" to the plan that is allocated to the former employee’s account and then distributed as part of the ultimate account distribution. Once those funds are distributed, they would be taxed under normal distribution rules.
