The Newspaper Guild International Pension Plan (“IPP” and “the Plan”) is a defined benefit retirement plan established by the Guild in 1977 to provide monthly pension benefits for thousands of NewsGuild members throughout their retirement. Guild employers contribute to the Plan based on contribution rates established through collective bargaining. Benefits accrue based on years of covered service and contribution rates.
A joint union-management Board of Trustees that includes the Guild’s top elected officers oversees the Plan. Investment professionals prudently invest plan assets to protect the plan’s long-term security and participants’ lifetime retirement benefits.
The IPP is fully funded because of millions of dollars of Special Financial Assistance provided by the federal government under the Biden Administration with the passage of Butch Lewis Act. Guild members who participate in the IPP are actively accruing new benefits. The former Adjustable Pension Plan (APP) merged into IPP.
Workers can achieve a more secure retirement by bargaining for the IPP and including it as a strong defined benefit plan into their contracts.
The Summary Plan Description (SPD) can be found here. The SPD contains information that generally applies to any participants who separate from employment covered by the Plan on or after January 1, 2023.
Contact us to learn more!
The Newspaper Guild International Pension Fund
501 Third Street, NW, 6th Floor
Washington, DC 20001
pension@newsguild.org
1-888-893-3650
The Board of Trustees:
Guild Trustees: Jon Schleuss, Marian Needham and Carol Rothman
Employer Trustees: Amy Garrard and Marshall Anstandig