Yes. On June 13, 2023, the Post-Gazette proposed to participate in the Teamsters Local 261 Employees Welfare Fund. The Post-Gazette submitted a new Effects Bargaining Healthcare Agreement similar to the Healthcare Agreement the unions agreed to and signed in 2020. The agreement sets forth the benefits to be provided by the Fund and the contribution rates to be paid to the Fund.
The proposed new Healthcare Agreement satisfies the legal requirement of Section 302 and protects the Post-Gazette and our employees from future Fund changes to the healthcare plan design and contribution rates over which the Post-Gazette would otherwise have no input or control. The Post-Gazette’s proposal guarantees that healthcare benefits and healthcare costs for our employees will be known and fixed until the Fund announces future benefit changes or increases contribution rates. At that time, the Post-Gazette and the unions can evaluate the Fund’s performance and agree to any adjustments to the Healthcare Agreement should the parties choose to continue participation in the Fund. The Post-Gazette relied on the unions’ counsel’s assurance at a June 9, 2023 meeting over healthcare that the new Fund will accept any agreement between the Post-Gazette and the unions regarding participation in the Fund.
The unions have proposed that the Post-Gazette agree to a Participation Agreement modified by the unions’ counsel and the Fund’s Trust Agreement which allows the Fund to unilaterally change the benefits and the Post-Gazette’s costs for healthcare during the term of the Agreement and thereafter. Giving a third party unilateral control over the health benefits and healthcare costs is not in the best interests of the Post-Gazette and its production employees. The Post-Gazette has not accepted the unions’ proposal.