BUFFALO, N.Y. (AP) — The Buffalo Bills have reinstated both 401(k) plan contributions and full salaries to employees now that the NFL lockout is being lifted, the team’s CEO Russ Brandon has confirmed to The Associated Press.
Employees will also be reimbursed for back pay and have their contributions restored since both were cut when the lockout began in March, Brandon said in an e-mail Monday evening.
Joining several NFL teams, the Bills cut salaries by as much as 25 percent to all employees, including coaches. They also suspended 401(k) payments during the work stoppage as part of a policy of “shared sacrifice” to avoid layoffs.
The team had informed employees of its plans well before the lockout began.
The Buffalo News first reported the Bills’ move on its website earlier in the day.
