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Originally Posted by packrraat  Thats probably exactly why they took so long coming out with the results; the bean counters had to keep massaging the numbers so they could come up with an excuse to keep from giving back the 401k contribution. Your 401k contribution is now going towards pumping up Con-Way's bottom line so our all important stock price will stay up there.
For those morons who say, "Oh well, at least we still have a job"  |
Not that I am totally happy with this but lets look at it for what it is;
They could have not given any money back at all.
They could have taken more away.
Paying more for insurance, we knew that was coming didn't we?
Also, it is more than a wash getting the 2.5% and paying more for insurance.
Me, I am getting closer to retirement each day. Now the way I look at it, I could kick over tomorrow and that 401k is not going to do me any good. This is why if I had a choice I would want the 5% back first. I can spend that today. I live for today and plan for tomorrow. Doesn't do any good to plan for tomorrow if there isn't one. So, the cash in hand is better. You could take the extra you got back and put it in your 401k. So, this way you have an option. If they gave back the 401k match, you really don't have that much of an option. Now if you are one of those guru's that play the market, maybe it is different for you. Me, I am a dummy and don't do well at the market thing.
Also, cash in hand is better so I can spend it on the old ball and chain which makes her happier. A woman that is happy makes my life easier and happy.
I fully planned on hearing what else they were going to take at this meeting. Look at it this way, 2.5% give back is a step in the right direction. We could have gone the other way. I know some of you are bitter and well, I look like I have been sucking on a lemon too but, this is a step in the right direction.
Okay, go ahead and blast me!!!
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