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The Mississippi Enterprise
Jackson, Hinds County, Mississippi
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Employees at Mississippi Products, Inc. in Jackson receive profit sharing statements showing a total fund value of $4,287,361 for 1,244 members, part of Sears' pension program aiding retirement security. Total for MPI and Sears store exceeds $5 million.
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THESE EMPLOYEES of Mississippi Products, Inc., in Jackson learned recently that the 1,244 employee-members of Profit Sharing at MPI are worth a total of $4,287,361 in the Savings and Profit Sharing Pension Fund of Sears, Roebuck and Company Employees. Profit Sharing members at MPI and at the Sears store in Jackson received annual Profit Sharing statements last week. The 1,439 members at MPI and at the Sears store have a total investment of over 5 million in the Profit Sharing Fund, a program designed to aid members build a financial reserve for retirement years. Shown receiving statements from MPI President George Huth are (left to right) Eddie Porter, Mr. Huth, Larrie Davis, and Robert Taylor. The annual statements show each employee-member how he shared in the company's profits last year and the present value of his individual account.
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Location
Jackson
Event Date
Recently
Story Details
Employees of Mississippi Products, Inc. receive annual profit sharing statements indicating a total fund value of $4,287,361 for 1,244 members in Sears' pension program, with overall investments over $5 million for retirement security.