Enough is enough!
On September 7, 2011, Lifespan announced that it has decided to cut its matching contribution to employees' 403(b) Fidelity plan for this year, and to completely eliminate its matching contribution for next year.
Lifespan's announcement is a slap in the face to all Lifespan employees. Lifespan blamed the bad economy, but the fact is that Lifespan has made nearly $320 million in profits in the past six years - including $36.9 million last year - and is on track to make a profit again this year. Furthermore, Lifespan corporate executives are making millions.