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UPS Partners
401k Match...when is it coming back?
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<blockquote data-quote="randomUPSISer" data-source="post: 726723" data-attributes="member: 24399"><p>Its identical. Its a 3% reduction in pay. Those who think otherwise either A) Dont know any better, or B) Dont think about their long term financial future. </p><p></p><p>With the statistics showing how few of people are saving at an acceptable rate for retirement, I'd tend to side with B. They are more worried about money they have now than money they might have in 20yrs. Those who think taking away 401k match vs taking away 3% pay are the same are apparently only thinking about today.</p><p></p><p>I wonder when it does come back if the raises are equally as bad as this year or worse? After all, it would be a 3% + Merit raise increase for the company that year.</p></blockquote><p></p>
[QUOTE="randomUPSISer, post: 726723, member: 24399"] Its identical. Its a 3% reduction in pay. Those who think otherwise either A) Dont know any better, or B) Dont think about their long term financial future. With the statistics showing how few of people are saving at an acceptable rate for retirement, I'd tend to side with B. They are more worried about money they have now than money they might have in 20yrs. Those who think taking away 401k match vs taking away 3% pay are the same are apparently only thinking about today. I wonder when it does come back if the raises are equally as bad as this year or worse? After all, it would be a 3% + Merit raise increase for the company that year. [/QUOTE]
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401k Match...when is it coming back?
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