ST, there was a discretionary amount contributed on a regular basis, in addition to the 3.5%. Sorry If I can't recall the details or specifics.Swampratt: did the American Freightways 401 k have a match higher than 3.5 %? I don't understand your comment about the money that goes into the pension used to go into the 401. Please explain. Thx.
Jethro
I do recall asking about it at the time. When pressed, I was told THAT discretionary (401k) $$ would fund the newly created Pension. Kind of dampened all the hoopla surrounding the celebratory pension announcement. Leadership has loved me ever since <insert sarcasm>.