Tag Archives: pension plan

AP: Pension plan freeze is ‘essential’

The Associated Press told News Media Guild negotiators Friday that its proposal to freeze staffers’ pension plans “is essential” for the company’s continued growth. 

AP Chief Financial Officer Ken Dale told bargainers that while AP has been “outperforming most of its members” financially, the $75 million dollar rate cuts have left a revenue hole that the cooperative will not be able to fill easily. Continue reading