Buffalo Bills Halt 401(k) Plan Contributions

Chief executive officer Russ Brandon said in an e-mail to The Associated Press that the Bills “will decide at a later date whether to reinstate them for 2011 based on our financial performance.” Brandon said all employees had been notified early on that the plan was being amended so that all team contributions would be discretionary for this year.  

According to the AP, the Bills had already announced in March that while no layoffs were planned, all employees would take a pay cut during a work stoppage as part of a series of cuts that focused on what the team called “shared sacrifice.”