I’d assume it means not all workers get the boosted 401k benefits, probably due to vesting timeline or position
Comment on What did UAW members at the "Big 3" gain with their strike?
mmababes@lemmy.world 10 months ago
What does “Company spending on many workers’…” mean in legal terms? How many workers exactly?
Waluigis_Talking_Buttplug@lemmy.world 10 months ago
SinningStromgald@lemmy.world 10 months ago
How much they match contributions to 401k’s I think. So it looks like they match up to 10% now.
MeatRobot@lemmy.world 10 months ago
It’s a straight up contribution. For every dollar paid in wages, the company also contributes ten cents to the employees 401k.
princessnorah@lemmy.blahaj.zone 10 months ago
This is kind of wild to me. In Australia we have a similar thing called Superannuation. Everyone is entitled to 11% from their employer, going up to 12% by the 1 July 2025. Unions bargain for agreements with extra contributions on top of that base percentage.
Asafum@feddit.nl 10 months ago
“Everyone is entitled to 11% from their employer”
That sounds an awful lot like a socialism and from what I’ve been told just doing a socialism once will bring a dictator to your door who will genocide your entire population.
F’s in chat for Norah. :(
quicksand@lemm.ee 10 months ago
Man, that’s really good
ChlorineAddict@lemmy.world 10 months ago
Compared to zero, yes, but employers can, and I know some that actually do, match up to 100%.
quicksand@lemm.ee 10 months ago
Oh I thought it meant they matched 100% up to 10% of your paycheck. That’s how my work does it but only up to like 3% and then 50% for another 3%
prole@sh.itjust.works 10 months ago
Based on what someone else said, this isn’t a match but a straight up contribution. So if that is to be believed…