The truth hurts

I’m usually a smurfy fan of my employeer … toeing the line, and some days helping to paint it.

That is why I helped spread the message that the change from a retirement plan to a self-funded 401k model was a “good move” for us young generation and that we would be “about equal” in corporate contributions.

That said, it’s a bit of a slap in the face to read on page 7 of the latest annual report the fifth driver to achieving their 2010 growth plan, “Retirement-related savings: We expect to achieve retirement-related cost saving over the next several years, driven in part by Plan redesigns.”

Now, it’s likely I don’t know enough and this savings comes from people being free enough to make other choices with their money … but really, it feels a little like looking behind the curtain in Oz.