Originally Posted by PSU Flyer

You’re still not getting it quite right. In the past, the company contributed 8% no matter what you did. Then they matched whatever you contributed up to 5%. So, if you contributed nothing, you got 8% from the company. If you contributed 5%, you got your 5% plus 13% from the company for 18% total. Now, a 0% contribution from you gets 15% from the company and a 5% contribution by you gets your 5% and the company’s 15% for a total of 20%.

Bottom line: if you used to contribute 5% or more and you plan to continue to contribute 5% or more, the contract only increases your contribution by 2% (from the company). If you didn’t contribute, it’s obviosly a bigger gain since you weren’t previously getting the match.