I started working for a software company in 1998 that was owned by one man. While we did get two days off in a row, he thought that if there was a holiday that you sandwiched between vacation days or between vacation days and a weekend, you lost the holiday. When the company grew to exceed 100 employees, he had to drop that. Just before he sold out to a big multi-national company (a sale from which none of his employees saw even a dime) he had started matching 401(k) contributions up to 15% of our pay, though. We lost that when the company was bought out, and it went down to 4%.
After I retired with a great plan. The company was bought by another bigger one. All the good benefits ended. I had a retirement contract which they could not retract though they tried. I really lucked out.
Just before I retired, the company introduced a new retirement system. Everyone who had been employed less than 10 years had to switch to the new system. Fortunately I had 30+ years with the company. If I had switched to the new program, (I had that option), I would have drawn $1000 a month less at retirement. I wisely keep the old system.
Charlie Fogwhistle about 3 years ago
I started working for a software company in 1998 that was owned by one man. While we did get two days off in a row, he thought that if there was a holiday that you sandwiched between vacation days or between vacation days and a weekend, you lost the holiday. When the company grew to exceed 100 employees, he had to drop that. Just before he sold out to a big multi-national company (a sale from which none of his employees saw even a dime) he had started matching 401(k) contributions up to 15% of our pay, though. We lost that when the company was bought out, and it went down to 4%.
MuddyUSA Premium Member about 3 years ago
After I retired with a great plan. The company was bought by another bigger one. All the good benefits ended. I had a retirement contract which they could not retract though they tried. I really lucked out.
RonnieAThompson Premium Member about 3 years ago
Just before I retired, the company introduced a new retirement system. Everyone who had been employed less than 10 years had to switch to the new system. Fortunately I had 30+ years with the company. If I had switched to the new program, (I had that option), I would have drawn $1000 a month less at retirement. I wisely keep the old system.