Those who have been working
in this business for more than ten
years can remember that our employer matched our contribution dollar for dollar for our
401K, up to 6% of our income. Look at your 401k account now . They will
only match up to 3% we need to have a contract to prevent our employer from unilaterally
reducing this benefit.
Without a contract, they may
unilaterally cut their contribution to 1% or
even remove it altogether.
Should you become separated from the
MGM/Mirage and want to collect your 401K. Don't ask
how long will it take, because they will tell you "I don't Know"
It has already happened!!
In order for there to be an election, you must submit your
authorization card.
