ESOP Roundtable
Yesterday, I joined local representatives of the Employee Stock Ownership Plan (ESOP) Association in a roundtable discussion on the benefits of employee ownership.
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Representatives of the ESOP Association discuss with Congressman Sessions |
The ESOP Association represents the over 10 million employee-owners throughout America and advocates for companies with an Employee Stock Ownership Plan (ESOP). ESOP is a retirement plan where the ownership of the company is held in trust for the benefit of the employees of the company. This means the employees don’t pay out of their wages or income but gain ownership as a result of their work. In this way, ESOP is much more than a retirement plan. I enjoyed hearing from constituents on this important topic.
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