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| Posted By: JF Posted On: June 22nd Views: 1344 | Retirement plans Since the early 1980s when corporate America invented the 401K, the agenda has been to eliminate any and all contributions to worker's retirement. Look around, defined benefit plans are a thing of the past except for places where worker's have a voice. My spouse has a 401K and the company matches only 7 percent. WHY BOTHER?! The company I'm talking about is a fortune 500 company that continues to grow in this down economy. I believe they have an obligation to contribute something meaningful, but yet the injustice is ignored. Don't think AT&T doesn't want to do the same with our retirement plans. Look at the numbers. Shouldn't any company that pays for quality health care and decent retirement benefits and makes 200 million in after tax profit a year continue to provide such to it's workers?? We'll here's a reality check, AT&T makes over 200 million in profits every week!! This is still a wealthy country, it's just a matter of distribution. |
| Posted By: Dave Armstrong Posted On: Sep 13, 2008 Views: 1680 | Wages & Pension With the discrepancy between the compensation of the rich/CEO's and of the average worker being the greatest in many decades, people should be very concerned. Also, younger workers may not be so interested in pensions, but, I guarantee that you will be when they are much smaller, or gone... |