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Washington Post Uses Its Rich Pension Fund to Shrink Staff
The Washington Post; subscription may be required
[Opinion] Nov. 10, 2023 "In 2009, The Post closed its pension plan to new employees -- and those who remained in the plan had their benefits frozen after Amazon founder Jeff Bezos acquired the newspaper. The pension fund itself, however, didn't freeze. As federal filings show, it has fattened to the point that it can finance 240 exit packages without breaking an actuarial sweat." |
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