Looks like Boeing has joined the many companies who are de-emphasizing traditional pensionscompany news release says that nonunion workers hired after Jan. 1, 2009, will join a new defined-contribution savings plan. Boeing will seed the plan with 3, 4 or 5 percent of an employee’s pay, depending on the person’s age, and will also match the employee’s contributions. The match is dollar for dollar on the first 4 percent, then 50 cents on the dollar for the next 4 percent of pay. in favor of 401k plans. 

Courtesy of  STLToday.com