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Benefits March 30, 2009
PA Health System Suspends 403(b) Match
March 30, 2009 (PLANSPONSOR.com) - The West Penn
Allegheny Health System is temporarily suspending its match
contribution to employee 403(b) accounts.
Reported by Rebecca Moore
According to the Pittsburgh Post-Gazette, the suspension starts this week and continues “until economic conditions improve.” The move affects about half of the health system’s 13,100 employees.
Spokesman Dan Laurent told the newspaper the health system is trying to do all it can to minimize any job losses, “but to do that requires other difficult decisions such as this.”