It seems like a pathway to comfortable retirement is a luxury saved for those at the top in today's economy—at least if you work at 3M. After freezing its pension program for non-unionized workers, the conglomerate company known for manufacturing Post-its, command strips, and tape is tacking more money into its CEO’s benefit package.
Earlier this week, 3M announced that it would freeze pensions for non-unionized employees and shift to a 401(k) retirement plan in 2028. When asked for comment, a representative for 3M pointed Fortune to its press release, which stated that they’ve been chipping away at the pension program since 2009 because a 401(k) plan allows for “more flexibility and control” when investing.
