By: Lucia Moses
Employees at Dow Jones & Co. will have to wait a little longer to find out the fate of their retirement plan. Management and the Independent Association of Publishers’ Employees agreed to extend talks on a new contract until at least Aug. 30.
Dow Jones has proposed scaling back the 50-year-old retirement plan, under which it contributes about 15% of each employee’s annual salary. The company wants to scale back its contribution and make employees also pay into the plan.
Also unsettled are plans to update the job classifications and pay scale of the technology operations department. The contract covers about 2,400 Dow Jones employees, around 29% of the company.
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