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New York Times, Pension Fund Agree to End Closely-Watched Appeal

Sept. 17, 2019, 3:18 PM

The New York Times Co. and a news industry pension plan are dropping their dispute over how much the Times owes in pension liability, the parties told the Second Circuit.

The stipulation to end the case comes four months after the appeals court heard arguments from the parties. The parties didn’t provide details about how they resolved the dispute.

This closely-watched case centered on how multiemployer pension plans calculate the liability of employers that withdraw from the plan. The newspaper accused the pension fund of inflating its liability by millions of dollars by using a different interest rate to calculate ...

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