Incentive Plan Results:
The PCM Incentive Plan that has been in effect between 1996
and 2009 has raised considerable concern on the part of the residents
and some Directors of Laguna Woods Village. The major concerns are;
- There has been NO resolution by any board authorizing the payment
of any Incentive Bonus. This plan and the associated payments to PCM
employees was undertaken solely by PCM.
- PCM resisted divulging the details of the plan ever since rumors of
the plan came to light over 2 years ago and it has never been made public
to the resident/owners by PCM.
- The first awarness, by the resident/owners, of some of the details
of the plan occurred approximately 2/8/2010 when copies of partial details
of the plans showed up on the doorstep of a number of resident/owners.
- The Directors of the Mutuals were not even aware that the Incentive
Plan existed, although several Directors said that they knew about the
plan. However, in researching these statements, it was detemined that
these Directors were talking about a Bonus Plan and a Safety Plan that
gave employees gift cards for such things as; work days per year, work
days without an accident, etc. The plan that has been identified as
the Incentive Plan were payments made to PCM employees for, "Work
over and above their job descriptions."
The following links will allow you to see the yearly plan results from
2000 thru 2007. These are PDF files and can be downloaded for your convenience.
In using this data, we have no means of determining the accuracy or extent
of data. We will continue to research the information to verify; who created
the report, and, if the data includes all mutuals or pertains only to
2000 Incentive Plan Results
2001 Incentive Plan Results
2002 Incentive Plan Results
2003 Incentive Plan Results
2004 Incentive Plan Results
2005 Incentive Plan Results
2006 Incentive Plan Results
2007 Incentive Plan Results