NEW YORK: JPMorgan Chase & Co. plans to delay matching contributions to employees' retirement plans until the end of the year, and may reduce or eliminate the payments for some employees.
JPMorgan will stop making contributions every pay period for those employees making between $50,000 and $250,000 annually, according to a person familiar with a memo recently distributed to the company's worldwide work force.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
