Dips*** publisher asks reporters to die so paper's pension can profit

[TigerVols]

A new low in journalism has been reached in Orange County.

http://www.laobserved.com/archive/2014/01/kushner_and_hiltzik_both.php

 

[LongTimeListener]

So that's why the company health plan now offers a smoker's discount.

 

[Riptide]

Up next: "May we have your first-born son for desk duties at age 11?"

 

[Baron Scicluna]

Up next: "May we have your first-born son for desk duties at age 11?"

"Child labor laws prevent us from paying him, but we'll give him a slice of pizza for his time."

 

[Mark2010]

Oh, well, I'm sure it's not the first time the thought has crossed someone's mind.

 

[doctorquant]

You guys have never heard of "janitor's insurance" or "dead peasants insurance"?

 

[joe]

It's a Morris paper. Whadda ya expect?

 

[JayFarrar]

Wait, they have pensions? All we gots is a 401k and a promise that they might match again, someday, in the far distant future.

 

[BTExpress]

Most places have pensions from a quarter-century ago, before 401(k)s became standard.

My former shop replaced its pension with an ESOP and 401(k) match around 1990 or 1991, but because I joined there in 1986, Tribune will pay me $760/month for life beginning in 2026. Anybody who joined Tribune after 1991 or so will have no pension.

There are still thousands of former (and soon-to-be-former) employees who are counting on those pensions, so it's no surprise a company would try to ensure that it's funded without having to dip into the regular corporate till.

 

[Rudy Petross]

As someone who will be getting $22 a month from this pension plan I invite all my coworkers to start taking up Bungee jumping and parachuting. Or just cover the Sochi Olympics.