Huffington Post Parent Company AOL Blames Obamacare for Cuts in Retirement Benefits: AOL recently announced that it was cutting employee benefits and gave Obamacare as the reason for the move.
Internet giant AOL, one of the nation's earliest Internet companies, announced a change in how the company pays out contributions to 401k plans in an effort to reduce spending.
Instead of matching employee contributions to the retirement savings plan on a monthly basis, going forward AOL will pay out a single, annual, lump-sum payment at the end of the year. This means that any employee who leaves the company before that lump-sum payout is applied will not get the matching payment.
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