Discount Rate Used To Assess New York Times’ Withdrawal Liability Was Improper

Mealey's (April 10, 2018, 12:02 PM EDT) -- NEW YORK — A New York federal judge on March 26 reversed an arbitrator's decision that the “Segal Blend” was the appropriate discount rate to calculate The New York Times Co.’s withdrawal liability from a multiemployer pension plan, affirming the remainder of the arbitrator’s findings (The New York Times Company v. Newspaper and Mail Deliverers'-Publishers' Pension Fund, et al., Nos. 17-6178 and 17 -6290, S.D. N.Y., 2018 U.S. Dist. LEXIS 49813)....

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