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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (409299)	2/7/2011 6:46:56 PM
From: Katelew	2 Recommendations Read Replies (2) \| Respond to of 793957

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.

To: Bridge Player who wrote (409299)	2/8/2011 2:01:14 AM
From: Elroy	1 Recommendation Respond to of 793957

I would be surprised if most of the large corporations e.g. DuPont, IBM et al do not make matching contributions to their employees 401K accounts. If that is not "sharing corporate profits with American workers" I sure do not know what it is. Come on, paying their salary is a form of sharing corporate profits with the worker. If he wants to claim that corporations need to share MORE of their profits with Americans, then go ahead and tell us, how much more, and ... why again?