AARP, Washington, suspended the matching contribution to its $150 million 401(k) plan, effective March 22 through the end of the year, because of the difficult economic climate, spokesman Kevin Donnellan confirmed via e-mail.
AARP gave a 100% employer match up to 3% of salary and then 50% match for the next 2%.
The organization would continue to make contributions to its $250 million defined benefit plan, he said.
Separately, PPG Industries Inc., Pittsburgh, will halt the matching contribution to its $2.8 billion 401(k) plan and reduce its contribution to its $2.5 billion defined benefit plan in 2009, according to an SEC filing.
The company will contribute $350 million to the DB plan this year; it had planned to contribute $400 million to $500 million, the filing said.
In a news release on PPGs website, the company cited weakening global economic conditions as the reason for the suspension and reduction.
Further details could not be learned; calls and e-mails to PPG spokesman Jeremy Neuhart were not returned by press time.