US - The New York Times Co. will freeze its defined benefit plan for non-union employees and management at year-end in a move that will save the company over US$130m, the firm said in a Securities and Exchange Commission filing yesterday.
The company will stop making contributions to the New York Times Company Pension Plan, a DB plan for non-union employees, and instead contribute 3% of the employee's salary into a 401(k) plan, the ...
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