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Monday, April 23, 2007

Tribune Employees Talk: Long-term (non-union) Trib employee worried about changes in retirement plans

Long-term (non-union) Trib employee worried about changes in retirement plans

The Guild's ESOP advisor Chris Mackin of Ownership Associates received an inquiry from a long-term Tribune employee seeking information specific to the Times-Mirror plans and the new Tribune plan.

The employee and a group of like-minded coworkers are so concerned about the changes to their retirement plans they are considering pooling their money to hire a lawyer/accountant to provide them with an independent evaluation of the sale and its affect on their retirements. At the Los Angeles Times, management and the employees in the newsroom have formed a committee to seek answers as to how the sale affects their retirement funds.

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