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Post Info TOPIC: 401k?
Anonymous

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401k?
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So I see all the flyers posted in the store about higher wages and 401k match increase from 4% to 5% and this starts June 11st. I haven't ever seen any 401k match. What's up with the lies?



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Anonymous

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I said the same thing and only non-union employees get a match.  Union employees get a pension but as we've seen pensions go away if the company goes under.  What I don't like is our worthless ceo saying matches for all employees and the news reports it as fact when it's a lie.  This Kroger restock or whatever they are calling it is a joke and nothing more than a PR stunt.  



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Anonymous

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I believe salaried employees get that offer, uplift, that's how they raise the human spirit



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Anonymous

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I don't know.  If it's not a blatant lie, it's a quarter-truth.

What I heard is that you either have access to a pension, or a partially matching 401k.  But not both.

I could believe it's salaried only.



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Anonymous

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Anonymous wrote:

I don't know.  If it's not a blatant lie, it's a quarter-truth.

What I heard is that you either have access to a pension, or a partially matching 401k.  But not both.

I could believe it's salaried only.


 Union employees used to get a match but they took it away and gave bigger bonuses and wages to management on the backs of the little guys who actually do the work. 



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Anonymous

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This almost wants me to get out of the union. Id much rather have a 401k match than a pension. Who knows if pension will be there and I've been there 10 years and so far my pension Wil only be 40 a month. So another 10 I might be at 100? Wth is that going to do?



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Guru

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Posts: 849
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Union associates have a pension that is company provide, the company actually submits the funds to 3rd party that runs a consolidated union pension plan. Like social security, if more people are pulling from the fund at the same time then funds being contributed..... (

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Anonymous

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How long do you have to work before you can file for retirement and get Kroger's pension if you are a Union member?



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Anonymous

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Not that long.  But what are you going to do with $40 a month?

A better question is, "Is it possible to earn a useful pension?"

I'm not sure about that, but it seems increasingly unlikely.



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