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UPS Partners
401k Match...when is it coming back?
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<blockquote data-quote="pbateman" data-source="post: 726040" data-attributes="member: 17169"><p>Thanks Hoaxster,</p><p>True we did not get our salaries cut, but as far as raises, we basically did not get any either. I don't know if it was for everyone but in our region the scales used for our yearly raise were 'modified' for 2009. Whereas before your raise was whatever the score in your review was (1-5) minus 1 (eg. Review score was a 4 you got a 3% raise), last year it was changed so that the same 4, would equal a 1 or 2% raise. Basically when it came to it, the raise was pretty much non existent.</p><p>That 3% match is something most people count in when it comes to the percentage they save towards retirement. I just find it odd they were quick to mention it when they removed it but almost seems like they're trying to put it in the back burner until enough people ask about it. Just an official update or PCM would have been nice....</p></blockquote><p></p>
[QUOTE="pbateman, post: 726040, member: 17169"] Thanks Hoaxster, True we did not get our salaries cut, but as far as raises, we basically did not get any either. I don't know if it was for everyone but in our region the scales used for our yearly raise were 'modified' for 2009. Whereas before your raise was whatever the score in your review was (1-5) minus 1 (eg. Review score was a 4 you got a 3% raise), last year it was changed so that the same 4, would equal a 1 or 2% raise. Basically when it came to it, the raise was pretty much non existent. That 3% match is something most people count in when it comes to the percentage they save towards retirement. I just find it odd they were quick to mention it when they removed it but almost seems like they're trying to put it in the back burner until enough people ask about it. Just an official update or PCM would have been nice.... [/QUOTE]
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401k Match...when is it coming back?
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