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Pressmens Publishers Pension Fund
The Pressmen's-Publishers' Pension Fund is a multi-employer defined-benefit plan based in New York, serving unionized pressmen and publishers.
Pressmens Publishers Pension Fund
The Pressmen's-Publishers' Pension Fund is a multi-employer defined-benefit plan based in New York, serving unionized pressmen and publishers. It is insured by the Pension Benefit Guaranty Corporation under Plan No. 001. The New York Times Company is a significant contributing employer. The fund's trustee, John Heffernan, also administers the associated 401(k) plan. The fund was certified to be in endangered status in 2020, triggering a statutory requirement to adopt a funding improvement plan. As a distressed multi-employer plan, its investment posture is constrained by the need to conserve liquidity and meet ongoing benefit obligations. Its exact asset allocation is not publicly disclosed, but plans in endangered status typically shift toward fixed-income-heavy, derisked portfolios rather than aggressive alternatives programs. The fund operates alongside two related benefit plans headquartered at the same New York address: the Newspaper and Mail Deliverers'-Publishers' Pension Fund and the Paper Handlers'-Publishers' Pension Fund. Together these plans cover overlapping union populations in the New York publishing and printing trades. No additional offices or operating vehicles have been identified. The fund's structural distinction is its position within a node of parallel union pension plans serving adjacent craft classifications in the same industry and geography. This creates a governance landscape where multiple trustee boards and bargaining agreements intersect, and where the financial health of each plan is partially linked through shared contributing employers and demographic exposure.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Principals
John Heffernan
Trustee
Frequently asked questions
Who runs investment decisions at the Pressmen's-Publishers' Pension Fund?
The fund is governed by a board of trustees drawn from both union and employer representatives, as is standard for Taft-Hartley multi-employer plans. John Heffernan is a named trustee. Investment decisions are likely made by the board, potentially with the support of an external investment consultant, though no consultant relationship has been publicly disclosed.
What is the fund's current funded status?
The fund was certified to be in endangered status in 2020 under the Multiemployer Pension Reform Act, meaning it was less than 80% funded or projected to have a funding deficiency within seven years. This status requires the plan to adopt a funding improvement plan and restricts benefit increases.
Is the Pressmen's-Publishers' Pension Fund insured by the PBGC?
Yes. It is a PBGC-insured multi-employer plan, identified as Plan No. 001. PBGC insurance provides a backstop for participant benefits up to statutory limits if the plan were to become insolvent, though those limits are significantly lower for multi-employer plans than for single-employer plans.
Which employers contribute to the fund?
The New York Times Company is a significant contributing employer. As a multi-employer plan, the fund collects contributions under collective bargaining agreements from multiple publishing and printing employers in the New York area whose pressmen are represented by the union.
How is this fund related to the Newspaper and Mail Deliverers'-Publishers' Pension Fund?
Both are multi-employer pension funds operating from the same New York headquarters, covering different union classifications in the publishing industry. The Pressmen's-Publishers' Fund covers pressmen, while the Mail Deliverers' fund covers drivers and handlers. A third related plan, the Paper Handlers'-Publishers' Pension Fund, also shares the same address.
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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