ST Alpha - "I'm just glad we don't do 1/2 matches....they will 100% match the first 6% here. -- nm" (Reading a Post)

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I'm just glad we don't do 1/2 matches....they will 100% match the first 6% here. -- nm

Posted by Will Hunting (aka JoeMetz) Aug 30 '10, 09:15

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Responses:

We have no choice. They prescribe how much we have to contribute, and what they'll contribute. No more, no less. -- nm - nubby Aug 30, 09:26 3
- I don't think they can require you to contribute. -- nm - pmb Aug 30, 09:27 2
  - it's happening right now! -- nm - Glenn Beck Aug 30, 09:42
  - Our option is that or take state pension. - nubby Aug 30, 09:36
If I put in 5%, SLU will match me to 11%. -- nm - Jim Aug 30, 09:17
that's what we had here last year, this year they chopped it to a 4% match - znufrii Aug 30, 09:16 2
- We get normally 3% (the last 10 years) of a fixed contribution -- nm - Will Hunting Aug 30, 09:17 1
  - nice -- nm - znufrii Aug 30, 09:18
let's just say that's the trend. -- nm - budice Aug 30, 09:15 2
- it is the most common matching formula - although things are shifting to what is called a Safe Harbor option - decline Aug 30, 09:23
- On a macroeconomic level it's better than them just doing 100% of the first 3%. Encouraging more overall savings... -- nm - Ender Aug 30, 09:17

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