Have you heard the one about the CEO who went off script?
In a town hall meeting last week, AOL CEO Tim Armstrong thought he'd get real with employees and tell them straight out why their retirement plans are slimming down like Rachel Frederickson.
In short, rather than pay out the 401(k) match with each paycheck, employees who stuck around would receive a lump-sum payout at year's end. It wasn't the amount that was being cut – which is essentially nothing – but the timing of the vesting.
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