"The Washington Post announced large cuts in retirement benefits on Tuesday, declaring that it would eliminate future retirement medical benefits and freeze defined-benefit pensions for nonunion employees.... The changes will hit hardest at employees hired before 2009 who could plan on receiving pension payments based on their income and years of service. Each of those employees could see scores -- or hundreds -- of thousands of dollars less over the course of a retirement. More recent hires do not have traditional pension plans. The Post will create a new cash balance plan to replace the pensions for nonunion employees and a separate but similar plan for those covered by the union."

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