OFFICIAL-CORRECTED-UPDATE 1-Starbucks to match 401(k) for 2009

Mon Jul 27, 2009 3:21pm EDT

(Removes extraneous words from headline, company corrects 401(k) match payment timing to December instead of September in paragraph three)

* Starbucks to make 401(k) match payments for 2009

* Employee health-care contributions to rise slightly

LOS ANGELES, July 27 (Reuters) - Starbucks Corp (SBUX.O) will make voluntary matching contributions to 401(k) retirement plans for its 2009 plan year, Chief Executive Howard Schultz said in a memo to employees on Monday.

The company, known for its generous healthcare, also said its employees would be paying slightly more for their health-care coverage as the company's costs continue to rise.

Starbucks will make the 401(k) match payment in December, a Starbucks spokeswoman said.

Last December, the coffee chain told employees it would not guarantee making those contributions for 2009, and that it was switching to a "fully discretionary match" program from a fixed employer match as of Jan. 1. (Reporting by Lisa Baertlein, editing by Maureen Bavdek)

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