Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

New York Times Keeps Fighting Pension Liability Calculation

Jan. 3, 2019, 4:28 PM

The New York Times is continuing its legal battle against a union pension fund over a calculation method the Times said wrongly inflated its liability of millions of dollars.

The pension fund’s method for computing liability for employers that withdraw from the fund is an “artifice” that relies on overly pessimistic assumptions about the plan’s future performance, the Times Jan. 2 told the U.S. Court of Appeals for the Second Circuit.

The underlying dispute asks whether the “Segal Blend,” which is used by more than 250 of the country’s 1,400 multiemployer pension plans, is an appropriate method for determining an ...

To read the full article log in.

Learn more about a Bloomberg Law Subscription.