Tax bill

[dmek25]

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

[CRedskinsRule]

Originally Posted by dmek25

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?

[dmek25]

Originally Posted by CRedskinsRule

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

we also have a 401. they match 6% on the dollar. they have upped it to 9% starting in march, and ending in december. my beef is the pension is quarenteed money. the stock market is what it is, as we have learned from 2008. they also enjoy some of the highest profits they have ever had. that, coupled with those tax breaks, was this move really necessary?

[Schneed10]

Originally Posted by dmek25

we also have a 401. they match 6% on the dollar. they have upped it to 9% starting in march, and ending in december. my beef is the pension is quarenteed money. the stock market is what it is, as we have learned from 2008. they also enjoy some of the highest profits they have ever had. that, coupled with those tax breaks, was this move really necessary?

Sucks man. Hopefully you're starting to look around for other jobs. You may be able to find a better compensation package elsewhere.

[Giantone]

Originally Posted by dmek25

we also have a 401. they match 6% on the dollar. they have upped it to 9% starting in march, and ending in december. my beef is the pension is quarenteed money. the stock market is what it is, as we have learned from 2008. they also enjoy some of the highest profits they have ever had. that, coupled with those tax breaks, was this move really necessary?

No,probably not. This is an old article from 2011 but a good one.


https://www.kiplinger.com/article/re...-pensions.html