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Politics : Politics for Pros- moderated
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To: Bridge Player who wrote (409299)2/7/2011 6:46:56 PM
From: Katelew2 Recommendations  Read Replies (2) of 793964
 
Some companies completely eliminated the matching provision during this last recession. I don't ever remember that being the case in previous recessions and was shocked when I read it. Others reduced the terms. I doubt that IBM would have, but wouldn't be surprised if Dupont did some tweaking.

Hopefully, all has been restored. I should do some digging on this because I've wondered about it. Pensions are pretty much a thing of the past for the rank and file non-union worker, so I was upset to think that corporations might take advantage of this recession and alter their 401K policies.
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