Industry Links

RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Cummins Announces It Will Contribute $134M to Benefit Plans

Thu Feb 16, 2017

145322220422564.jpgCummins Inc. has announced it will contribute $134 million to its global defined benefit plans this year, according to the company’s 10-K filed on Monday.

The company had $2.75 billion in U.S. pension assets, and those plans were 118 percent funded as of Dec. 31, according to the filing with the Securities and Exchange Commission.

Its U.K. pension assets totaled $1.74 billion and those plans were 121 percent funded as of Dec. 31, according to a story by Pi Online. In 2015, the U.S. plans were 104 percent funded while the U.K. plans were 118 percent funded. Pension contributions for 2016 totaled $190 million and $205 million for 2015. Cummins also is reducing its expected rate of return in 2017 to 7.25 percent from 7.5 percent, according to the 10-K.

Additional Information: http://www.pionline.com/article/20170214/ONLINE/170219945/cummins-inc-plans-134-million-pension-contribution-for-2017