Local newspapers wait anxiously for pension funding relief

Crucial retirement savings package appears stuck in the Senate

Local newspapers serving communities from Tampa, Florida, to Walla Walla, Washington, say they’re under the gun from a pension funding “cliff” they face next year that will make them have to rapidly catch up on required contributions, exacerbating their well-documented financial decline.

When relief for some 20 publishers passed the House in May on a 417-3 vote as part of sweeping retirement savings legislation, it seemed like a slam dunk that lawmakers would ride to the rescue in time.

But they haven’t, and advocates say the clock is running out.

View the complete October 7 article by Doug Sword on The Roll Call website here.