Tax bill

I don't know. The article I posted said that they had already switched new employees to the 401k which was standard in their industry, and now were switching the remaining employees.

My wife's employer has done the same but it's not a matching 401k more of a special savings program.

My wife's employer has done the same but it's not a matching 401k more of a special savings program.

The article said this was a 3% contribution matching up to 6%.

it was posted to show that corporate greed is still running rampant, even after those tax breaks. while some chose to hand back bonuses to their employees, arconic chose to save even more money by freezing our pensions

it was posted to show that corporate greed is still running rampant, even after those tax breaks. while some chose to hand back bonuses to their employees, arconic chose to save even more money by freezing our pensions

I guess you work there, did they not switch over to the 401k or is it a major dropoff in benefits?

Is that better for employees?

I don't know but I am a BCPS teacher in a Maryland state pension plan. Every pay period 7% of my salary gets taken out of my paycheck and I get no option to how it is invested. To top it off there is no guarantee I will ever be able to withdraw the money much like SS. I know it is very conservative of me but I would prefer if I was required to invest the money but given the option to how I want to invest it. The major difference being that SS helps all walks of people but my plan is exclusively for educators. If you are in the education business you should be smart enough to know how to invest securely IMO.

I don't know but I am a BCPS teacher in a Maryland state pension plan. Every pay period 7% of my salary gets taken out of my paycheck and I get no option to how it is invested. To top it off there is no guarantee I will ever be able to withdraw the money much like SS. I know it is very conservative of me but I would prefer if I was required to invest the money but given the option to how I want to invest it. The major difference being that SS helps all walks of people but my plan is exclusively for educators. If you are in the education business you should be smart enough to know how to invest securely IMO.

Not necessarily ,don't assume that becuase one has a degree...in anything one knows how to invest or deal with Wall Street. many highly educated people ,smart,very smart people invested with Bernie Madoff and lost millions.


Why Smart People Make Bad Financial Moves by Laura Rowley (http://www.lastplace.com/smart_people_make_bad_financ.htm)

Sorry double post

Why would anyone in their right mind ever invest with the Mets ownership? I have seen what they do with investments it is not pretty.

The Walt Disney Company is giving out $1000 bonuses to US based employees. That's 125K people receiving an extra $1000.

And no, it's not just going to executives.

Disney to give $1,000 bonuses to over 125,000 workers - Orlando Sentinel (http://www.orlandosentinel.com/business/os-bz-disney-bonuses-tuition-20180123-story.html)

...and on the other hand.



https://www.nytimes.com/2018/01/23/business/kimberly-clark-layoffs.html

Kimberly-Clark, the maker of Huggies and Kleenex, is laying off about 13 percent of its work force and shedding factories worldwide, amid declining birthrates that are affecting diaper sales and a retail price war that is weighing on profits.

The company said Tuesday that it would cut between 5,000 and 5,500 jobs in an effort to reduce expenses as it faced stiffer competition for consumer staples like tissues, paper towels and wet wipes.

To help pay for the cuts and other restructuring moves, Kimberly-Clark said, it will use savings from the recently enacted corporate tax cut.