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To: JoyjoyfromNJ
It's happened to me twice. Both companies are now gone so whatever they cut is irrelevant. I now work for a company that does not directly contribute to a pension or 401k.

Mail is privatized in Germany and last I read they were doing OK.

27 posted on 06/22/2011 12:51:34 PM PDT by Drill Thrawl (No one is more against progress than a progressive.)
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To: Drill Thrawl

Yes, employer stopped making contributions to the retirement plan. Employer also reduced staff and froze pay for over 3 years, made sure we knew that cutting hours and/or pay were being considered for those who were kept on the payroll. Employer passed along cost increases in health insurance plan. This is very common experience for those working in the private sector over the past 4-5 years.


46 posted on 06/22/2011 1:45:17 PM PDT by NEMDF
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