Month: August 2020

Will AT&T Stop Matching 401(k) Contributions?

AT&T has made it clear that everything is on the table when it comes to cutting costs. John Stankey, the CEO of AT&T, has declared a goal of $10 billion in reduced spending. The company has already admitted that these cuts will be partially achieved through layoffs, some of which have already begun. The Dallas

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Leaving KP? 10 Reasons to Consider Becoming a Traveling Nurse

Kaiser Permanente employees have a unique opportunity in the next couple years which could help set them up financially for the rest of their lives. For those Kaiser nurses who have put in at least 10 years of service and are age 50 (service pension eligible) and who want a change, transitioning to a traveling

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Will Kaiser Permanente Freeze Its Pension?

Corporations in almost every industry are in the process of trying to cut costs to help deal with the economic downturn brought on by the Coronavirus.  The pandemic has taken a toll on the entire economy and companies need to take drastic measures in order to stay afloat. AT&T, for example, has expressed a goal

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Will Kaiser Permanente Stop Offering a Pension Lump-Sum Option?

The novel coronavirus has caused almost every economic industry major strife over the last 6 months. However, corporations were struggling with their pension liabilities long before the pandemic hit. According to Mercer’s 2020 Defined Benefit Outlook, at the end of 2019 the average pension fund only had 85% of their pension liabilities covered, while 63%

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Will Lockheed Martin End Its 401(k) Matching Contribution?

Lockheed Martin had already begun cutting benefits before the Coronavirus took its toll on the world economy. According to Barron’s, “Lockheed Martin (LMT) finished freezing its defined-benefit pension plan on Jan. 1, 2020”. Since the pandemic hit, Lockheed Martin has certainly had to make adjustments. According to the Fort Worth Star-Telegram 2,500 employees were forced

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Lockheed Martin? What Corporations Will do to Protect Their Dividends

In order to cut costs, Lockheed Martin made the decision to freeze its pension plan back in 2016. This begs the question, what will they do in 2020 to protect their dividend? Fortune 500 companies have been scrambling to protect their dividends and keep their shareholders happy. The results have been generally negative for workers

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Will Chevron Stop Matching 401(k) Contributions?

Chevron is in the process of cutting costs to help cope with the current recession caused by the pandemic.  Coronavirus took a toll on the entire economy, but it came down on the oil & gas industry especially hard. So far, most of Chevron’s cost cutting efforts have come from layoffs. According to Reuters Chevron

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