Home › Forums › Housing › Over 21% of homeowners in SD County have paid off houses › AN wrote:Maybe math have
[quote=AN]Maybe math have changed over the years but 6% match is not 60% contribution. is 6%=60% now?[/quote]
After 20 yrs, if the employee contributes 3% of salary, the employer (Scripps) contributes 6% of salary.
So 33% of the contribution comes from the employee, and 67% comes from Scripps.
Of course, the employee should probably try to save much more (~20% of income.) My guess is that Scripps’ contribution would stay at 6%.
