Tag Archives: Mediator

Talks Resume With Federal Mediator

NEW YORK — The Associated Press told the News Media Guild on Monday that its main objections to the union’s fixed-cost pension proposal are costs and what the company called the “cumbersome” administrative burdens of the plan.

The company said that plan is too cumbersome because its actuaries believe the Internal Revenue Service would have to qualify the plan every year and that the company would have to send annual updates about changes.

The Guild’s actuaries have said the burdens are minimal, because the yearly letter could be a form letter that’s easily updated. The Guild’s proposal saves the AP $5 million over five years, but the company has said that’s not enough.
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