Obamacare in action: Hospital is stopping retirment funds for new employees

My work place, a Catholic hospital, is stopping retirement funding for anyone hired after the end of this December. If you were hired before than then you will still get a portion of your pay placed in the retirement fund but at a reduced rate.

The new employees will have only the option of saving on their own in a matched savings plan. On the bright side the corporation will offer higher matching than it did in previous years.

Basically if you don't save you won't have butkus except maybe SSN. Thanks Obamacare!