Pension Plans And Negotiations Part 2

To continue where Part 1 left off, we’ll examine how some of the pension issues related to the Philadelphia Orchestra situation have influenced the course of negotiations. The Philadelphia Orchestra Association (POA) utilizes a defined benefits pension plan. This means the POA and not the individual players assume the risk to ensure that the pension plan has enough funds to make the required payments to retired employees. The POA expands on … Continue reading Pension Plans And Negotiations Part 2