If they farmed the land for 5 years, they could have the land for free. could have the land right away if they payed $1.25 for each acre. to get land in the West. Some thought the 160 acres were too big for a farm, and too small for raising cattle.
Benefits and Perks. Only a fifth of workers at PennyMac enjoy paid vacation time, and just one in ten survey participants can take sick leave. Most workers save for retirement through PennyMac's 401(k) plan. At PennyMac, most respondents have health insurance, and a large number of workers have dental coverage.
One of the benefits negotiated by the United Auto Workers was the former jobs bank program, under which laid-off members once received 95 percent of their take-home pay and benefits. More than 12,000 UAW members were paid this benefit in 2005.