34% of U.S. employers have already reduced or eliminated matching contributions to their 401(k)s, according to several surveys. I know that isn’t very exciting or interesting. However, existing 401(K) regulations may force a company to make a matching contribution, even when it stopped the match. Can you imagine being forced by the Government to make a 401(k) contribution during the recession; when you just don’t have the money.To add insult to injury, companies may also face penalties if they can’t make this mandatory contribution. I’d ask that you to sign the petition and help get the laws changed so that companies are not forced to make 401(k) contributions when they just don’t have the money.
Who cares if my company gets penalized. They took away my match and they froze the pension. They should have to contribute something on my behalf so I can retire.
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ReplyDeleteWho cares if my company gets penalized. They took away my match and they froze the pension. They should have to contribute something on my behalf so I can retire.
ReplyDelete