Thursday, April 16, 2009

The Chattel Saga Continues

Well, I've managed to make my way to two paychecks under this new plan, whereby the company I work for decided to borrow two weeks' pay from everyone in the company, for the term of employment, without interest (see last post).

But the saga continues. You see, I have this really good deal, whereby this contracting company is given 11% over my paycheck, and has to deposit it into my 401K account. But two weeks ago, when this money was supposed to be deposited, it wasn't. You see, they sent a list of names and amounts to the 401K company, but "somebody forgot to send the money." That's a direct quote. This was a couple of weeks ago. Since then, apparently, they've been looking for the money. Under cushions, in pillow cases, in the mason jars they have buried in the backyard. Nothing.

The money still hasn't been deposited. The latest news is that it's supposed to go in today. Here's my question: Who makes interest off of this money? My 401K is supposed to be generating interest for me. But this money is in their account.

I can't even think of a clever quip to close with. I'm just very, very unhappy...

2 comments:

Katherine said...

So, what is going on in May? I think that working for a socialist organization like the government sucks, but you know, when money is being printed off the presses, who could have a more steady job?

Did they ever make the 401 payment? I think you should go for the throat and make a really big stink. Sandia doesn't like stinks, but I have to say, the other contract companies are quite amused that Gaits couldn't make payroll. Call 20/20! Or better yet, just send them a link to your website. What a story!

(I bet you can guess who wrote this)

John Reynolds said...

Kay,

Sorry, don't know who you are. And who said anything about GAITS? I would never malign the good name of a contracting company that just wants to provide employment for contractors who want to avoid stable employment and don't have retirement goals (and takes a little off the top while they're at it). Sorry, but the name of my employer is Confidential (that's right -- they're privately traded, too).

Sheesh!