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New York Times Pension Spat Draws Federal Insurer Into Fray

Nov. 1, 2018, 6:11 PM

The federal pension insurance agency is jumping into a Second Circuit appeal that could redefine how much employers pay when they leave pension plans for unionized workers.

The Pension Benefit Guaranty Corp. Oct. 31 signaled its support for a newspaper workers pension fund that’s trying to force the New York Times to cough up more than $33 million in connection with its alleged exit from the fund. The PBGC made an appearance in the case, indicating its intention to file a brief supporting the pension fund.

The case is significant because it challenges the “Segal Blend,” a common method that ...