Washington Post announces cuts to employees’ retirement benefits

2014-09-24T23:23:15-07:00September 24th, 2014|Categories: Defined Benefit Plans|Tags: , , |

The Washington Post announced large cuts in retirement benefits on Tuesday, declaring that it would eliminate future retirement medical benefits and freeze defined-benefit pensions for nonunion employees. The company also said that in negotiations that started Tuesday, it will seek to impose the same conditions on employees covered by the union — one of the first indications of how The Post’s new owner, Amazon.com founder Jeffrey P. Bezos, will manage relations with the staff of the news organization. The [...]