‘We encourage employees to take personal responsibility for their health ‘ eat lean, exercise regularly, practice safe work habits ‘ and we try to offer fun, creative programs to support their efforts,’ says Jeff Somple, president of Mack’s Northern Operations.‘At the end of the day, we are all health care consumers. So it is in everyone’s best interest to make healthy lifestyle choices that will lead to more productive lives and lower health care costs.’ About Mack MoldingMack Molding is a leading custom plastics molder and supplier of contract manufacturing services. Mack specializes in plastics design, prototyping, molding, sheet metal fabrication, machining, and medical device manufacturing. Founded in 1920, Mack is a privately owned business that operates 10 facilities throughout the world. Don Kendall is president and CEO. For more information, go towww.mack.com(link is external). Mack Group,Governor Peter Shumlin presented Mack Molding with a Gold award for workplace wellness last week at the state’s annual conference hosted by The Vermont Governor’s Council on Physical Fitness & Sports. Health Services Manager Kathy Hall, RN, received the award on behalf of the company. Mack was recognized for recent lifestyle initiatives that were inspired by the company’s overarching wellness theme ‘ take personal responsibility for your health. The award-winning programs included the:· Mack Community Garden — planted and harvested by employees, the 15 gardens were also supported by a local nursery with planting tips and discounted seedlings, and Mack with cedar beds, gardening tools, and easy water access. To further enhance the area, Mack added a volleyball court, a driving range for golfers, picnic tables and barbecue grills;· Eat Right, Stay Fit ‘ geared to help participants make enduring lifestyle changes, the 12-week program encouraged healthy eating habits that resulted in a combined weight loss of over 400 pounds among 50 employees;· Promoting Health & Wellness ‘ designed to address employee health care issues, work-related or not, the company’s Health & Wellness program includes an on-site physician with weekly office hours. Certified by the American Board of Internal Medicine, Dr. Brian Timura is an occupational medicine specialist and primary care physician. Committed to promoting healthy behavior and disease prevention, Mack has long been an advocate for workplace wellness. The headquarters facility includes a fitness center for employees and families that includes squash and racquetball courts, strength and cardio equipment, and on-site aerobic and yoga classes. Mack also employs a full-time health services professional who develops and implements ongoing wellness initiatives. In fact, the company has been recognized by the state twice before for its wellness programs. # # # # # ARLINGTON, Vt. (April 5, 2011) ‘
Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.
The minister said on Monday the central bank might also finance support programs for businesses and individuals, by buying bonds with a coupon rate of 1 percent below BI’s benchmark interest rate, which currently stands at 4.25 percent.According to the ministry’s official material presented to the lawmakers, the interest rate burden from government bonds caused by the pandemic will be Rp 66.5 trillion per year, with a yield assumption of 7.36 percent for the 10-year government bonds at the time. BI might bear Rp 35.9 trillion of the total burden, according to the finance minister.BI Governor Perry Warjiyo said the central bank and the government were in the final stages of the burden-sharing scheme, adding that it would maintain good-governance principles.“BI is ready to share the burden not only in the financing efforts but also those related to the debts,” Perry told lawmakers during the same hearing, adding that the scheme would ease the government’s burden from paying higher interest rates as a result of the widening deficit.The central bank has bought Rp 30.33 trillion of government bonds directly in auctions as a non-competitive bidder to help finance the budget deficit. It has also bought Rp 166.2 trillion of bonds in the secondary market to help stabilize the country’s currency.Previously, several lawmakers had called on BI to do more to share the government’s burden, urging the central bank to buy bonds with zero-coupon rates.“The burden-sharing scheme will help maintain debt stability and market confidence,” Permata Bank economist Josua Pardede said on Monday, adding that it would also lower the government’s burden amid the widening deficit and rising debt-to-GDP ratio.“This will also prevent interest payments from becoming too high, which will be a subject of evaluation by credit-rating agencies,” Josua said, warning that the agencies might downgrade the country’s rating if interest payments were higher than tax revenue.The government, he went on to say, should speed up government spending in a bid to bolster the economy, warning that slow fund disbursement might also hinder the economic recovery.Meanwhile, Center of Reform on Economics (CORE) Indonesia research director Piter Abdullah described the agreement as “too extreme” given the significant difference between the market rate of around 7 percent and the zero percent rate.“Although there are no notable risks, they should also have an agreement that if the central bank’s capital declines, the government should step in and inject liquidity.”Topics : Earlier this month, she stressed that zero-coupon bonds were not among instruments being discussed by the government and the central bank to be used to step up the country’s response to the pandemic, despite urging by lawmakers.The government has been struggling to finance the widening budget deficit, which is expected to reach 6.34 percent of gross domestic product (GDP), much higher than the previous legal limit of 3 percent. An emergency law signed by President Joko “Jokowi” Widodo in April gave a legal basis for the government to widen the deficit beyond the 3 percent limit.The government has now allocated Rp 2.74 quadrillion in state spending while state revenue is expected to amount to only Rp 1.7 quadrillion, according to the latest 2020 state budget revision as stated in Presidential Regulation (Perpres) No. 72/2020 signed last week.The government has allocated Rp 695.2 trillion worth of COVID-19 related expenditure to fund health care and boost the economic recovery. Sri Mulyani said on Monday the pandemic would force the government to spend around Rp 903.46 trillion, comprising Rp 505 trillion for public-welfare programs and Rp 397 trillion in support for the private sector, from the state budget. The government has opened the possibility of Bank Indonesia (BI) buying government bonds with a zero-coupon rate as part of a “burden-sharing” scheme to finance the battle against the COVID-19 pandemic, a senior minister said on Monday.Finance Minister Sri Mulyani Indrawati said the central bank might bear 100 percent of the coupon rate burden for bonds issued to finance programs that were considered in the public interest, including for health care, social protection and financial support for regional governments. She expected the programs to amount to Rp 397 trillion (US$28 billion).“We are currently finalizing with the central bank how many government bonds we will sell to the market and how many we’ll sell through private placement to BI,” Sri Mulyani told lawmakers during a hearing on Monday.