11 06, 2015

Washington Post freezes DB plan for union employees

2015-06-11T20:31:39-07:00June 11th, 2015|Categories: Defined Benefit Plans|Tags: , |

After eight months of negotiations, the Washington Post’s union employees have agreed to a contract extension, which will freeze the company’s defined benefit plan, effective August 31. “We regret to say that (the) Post never budged from its demand to slash retirement benefits,” according to language in a statement from the Washington-Baltimore Newspaper Guild, which represents 860 Post employees. […]

24 09, 2014

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 [...]

Go to Top