Microsoft Expands Its Parental Leave, Bolsters Paid Time Off And 401k Matching

Re:Microsoft Expands Its Parental Leave, Bolsters Paid Time ... by rconti on Wednesday August 05, 2015 @06:39PM (#10013379)

Nobody knows. Microsoft's own release makes no sense. You (and your employer, combined) cannot contribute more than $18,000 tax-free per year. It's either 100% match of $9,000 on your $9,000 to make $18,000, or it's 50% match of your $12,000 to make $18,000. It can't be both things that the press release says it is.

My best guess is that they meant to say they now match 100%, but we won't know for sure until they correct the press release.

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Re:Microsoft Expands Its Parental Leave, Bolsters Paid Time ... by rhc2104 on Wednesday August 05, 2015 @06:58PM (#10013462)

Actually, employer contributions do not count towards the $18k maximum per year in contributions. This is the specific advantage of having a 401k match in the first place, as it allows employees to have more tax deferred savings than otherwise possible.

Source: http://www.bankrate.com/finance/retirement/employer-match-co... (Technically, with employer match, it can go up to $53k)

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Re:Microsoft Expands Its Parental Leave, Bolsters Paid Time ... by toomuchtodo on Wednesday August 05, 2015 @11:20PM (#10014367)

Can also go up to $53K with after tax employee contributions, which can be rolled out into a Roth IRA upon separation from the employer.

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