Here we go again... - Engineer MTS Systems Employee Review

Its time again for our yearly benefits cut. In years past we would get a 50% match on 401k up to 6% of salary and then an additional 3% of salary given by the company regardless of what you put in at the end of the year. Last year was the first time that we didn't get the 3% at the end of the year when it magically became optional. All of the literature they were giving new employees said that it was part of the benefits package, but in the official documents (not accessible when deciding to take the job or not) it says that it is optional. This year they increased to a 75% match up to 6% of salary, but it is obvious that we will not be getting the year end 3% ever again. It is a net reduction in our benefits. Next they are completely changing the PTO policy (combined vacation and sick time). It used to be that you could bank up to 204 hours if you were here for a short time and up to 240 hours for > 5 years. This time is accrued monthly at varying rates depending on time of service. Now they have set it up to significantly reduce the bank time over the next 3 years down to only 120 hours. On the 4th year they switch to a carryover where you can only transfer 80 hours between years. Hours are still accrued monthly. That means that now you are basically screwed if you want to take a vacation in the beginning of the year and still have some buffer for sick days. Even worse if if a female employee was to have a child in January. She'd only be able to take 2 weeks paid maternity! What a joke!