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Media Guild Retirement Plan
The Media Guild Retirement Plan originated to serve Guild-covered employees at the San Francisco Chronicle and predecessor Bay Area newspapers.
Media Guild Retirement Plan
The Media Guild Retirement Plan originated to serve Guild-covered employees at the San Francisco Chronicle and predecessor Bay Area newspapers. Pacific Media Workers Guild (CWA Local 39521) acts as the labor sponsor. Hearst Corporation supplies employer contributions and shares administrative duties. Assets support pension payments through a mix of corporate bonds, co-investments, buyouts, fund-of-funds commitments, growth equity, and secondaries. Geographic exposure centers on North America with additional holdings that reflect broader U.S. private-market allocations. No new benefit accruals have occurred since the 2009 freeze. The plan maintains seven named trustees split between union and management representatives. Jess Olivares serves as administrative manager. No additional offices or adjacent philanthropic vehicles appear in available records. Governance rests on equal union-management trustee representation required by the Taft-Hartley structure, which separates this pension from single-family or corporate investment offices.
General information
Firm type
Pension Fund
Year founded
1957
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, California, United States
Principals
Michael Ashley Applegate
Union Trustee
David E. Moore
Union Trustee
Kathleen Pender
Union Trustee
Suzanne Reinhardt
Management Trustee
Carolene Eaddy
Management Trustee
Roger Paschke
Management Trustee
Jess Olivares
Administrative Manager
Frequently asked questions
Who runs investment decisions at Media Guild Retirement Plan?
Seven trustees split evenly between Pacific Media Workers Guild and Hearst Corporation appointees oversee the plan. Jess Olivares serves as administrative manager.
How is Media Guild Retirement Plan structured relative to its sponsors?
It operates as a Taft-Hartley multiemployer pension plan with equal union and management trustee representation. Pacific Media Workers Guild acts as labor sponsor and Hearst Corporation as contributing employer.
What asset classes appear in the plan's portfolio?
Holdings include corporate bonds alongside co-investments, buyouts, fund-of-funds, growth equity, and secondaries.
When did the plan stop new benefit accruals?
The plan froze as of December 31, 2009.
Where does the plan's participant base originate?
Participants consist chiefly of retired Guild-covered staff from the San Francisco Chronicle and earlier Bay Area newspaper operations.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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