Associated Press Workers Approve Contract, Pension Freeze

Summary


The labor union covering about 1,200 employees at The Associated Press said on Friday that its members had approved a new contract.

Newsroom employees in the News Media Guild voted 418-116 to approve the deal. Technicians in the union approved it 34-15. Ratification follows six months of negotiations. The main dispute involved management's proposal to freeze a longstanding pension plan, in which monthly payments in retirement are defined. The proposal called for future retirement contributions to go into an employee-controlled account similar to a 401(k).

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Associated Press Workers Approve Contract, Pension Freeze

The union...

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