AP Proposes to Freeze Employee Pensions

Posted
By: E&P Staff

Today AP staffers received a memo from CEO Tom Curley announcing his proposal to freeze the AP defined benefit pension plan at current levels. In the memo, Curley says:

"Since I came to AP I have strived to do everything possible to keep your pension plan intact. Unfortunately, industry and economic pressures mean this is no longer possible. Nearly all media companies, as well as more than half of Fortune 100 companies, have already frozen their defined benefit plans."

Read the full memo here.

Comments

No comments on this item Please log in to comment by clicking here