What will be next? let me take one guess. "Gannett freezes pension plan", will this be the next step McClatchy takes?That's exactly what Gannett did in June. (And get this: my blogging colleague Jim Hopkins discovered Gannett executives were exempt from the freeze.)
This blog is mainly about the spectacular train wreck at The Sacramento Bee and its parent company, the McClatchy Company. But I also post about current events, the Iraq and Afghanistan wars, politics, anything else that grabs my attention. Take a look around this blog, hope you enjoy it.
Saturday, August 30, 2008
Next up for McClatchy -- freezing pension plans?
A commenter here threw out a possible next option if McClatchy's finances worsen: the company could freeze the pension plan.
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2 comments:
Uh, will someone please tell me what "frozen pension plan" means for those already retired... from Knight-Ridder? Every newspaper account simply quotes the press release.
Can someone tell me if the current pension plan for retirees from McClatchy will be effected? soon?
I need to make plans for another loss!!!! So much for working all of your life!!
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