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Report: Bills Suspend Pension Payments To Employees

Posted on May 25, 2011 by BSD Staff Reports

Buffalo Bills HelmetFor those who continue to think that the NFL Lockout only has a significant financial impact on millionaire players, perhaps this article will change your mind.

In a report by the Associated Press, Buffalo Bills Chief executive officer Russ Brandon confirmed to the AP that the organization has suspended pension plan payments to all its employees across-the-board; not just for the duration of the lockout but potentially for the duration of the rest of the year.

The AP report says the organization stopped payments on employees’ 401K plan and “will decide at a later date whether to reinstate them for 2011 based on our financial performance.”

Buffalo has not laid off any employees since the lockout started but everyone has been forced to take a pay cut.

Let’s hope this labor situation gets resolved soon as the whole thing is getting ridiculous. It’s one thing to take money out of the pockets of athletes that generally can afford it.  It’s another to penalize hard working employees who barely carve out a decent living when everything in the NFL is status quo.

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