You win another pump seal company story.
Back then, the company offered a company paid, defined contribution, pension plan, that did not cost me anything out of my paycheck, so I was fine with that.
What they did deduct from my paycheck for was life insurance. I already had a $10k policy, that I had had for a decade. When I hired in, they automatically signed me up for more life insurance, and started taking money out of my paycheck.
Around the end of 79, the COLA had bumped up my pay significantly, as anyone that remembers the inflation of that time would expect. One day, I received a letter that, because my pay had gone up, they were automatically signing me up for more life insurance, and would be taking more money out of my pay. I already had significantly more in life insurance that I had in debts, so the additional insurance was pure waste, from my perspective. So I dollied down to accounting to opt out of the extra insurance, as that letter said I could. Good GOD what an argument I got. I think that argument went on for two or three days, before I finally got loose of that extra insurance payment.
Extra bonus story:
The last place I worked, from 2006 to 2011, had a 401k. As soon as I hired in, the CFO came around to my cube asking why I had not signed up for the 401k. I explained that I had an IRA, had had that IRA for 25 years, and that was my retirement fund. Participating in their 401k would mess up my tax deduction for my IRA, so I declined. That wasn’t the end of it though. He kept coming after me, over and over, year after year, hounding me about that 401k.
One day, I received a letter from their 401k administrator, thanking me for opening an account. I had NEVER authorized that, had told the CFO I didn’t want it, REPEATEDLY, for years, but he opened an account anyway, though he was not taking anything out of my pay.
Smells to me like the “JCs” get a kickback from the companies they sign there employees up for. There is no other excuse for the nonsense I had to put up with.