Report: MLB owners try to nix some pensions
Published: March 19, 2013
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Major League Baseball owners, despite boasting $8 billion in annual revenue and climbing, are moving toward eliminating the pension plans of all personnel not wearing big league uniforms, sources told ESPNNewYork.com.
Fans watch the first inning of the MLB All-Star baseball game at Kauffman Stadium on Tuesday, July 10, 2012, in Kansas City, Mo. (AP Photo/Kiichiro Sato) ORG XMIT: MOKS181
A vote, which was intended to be kept secret, is scheduled to take place at owners meetings May 8-9 in New York. A majority of owners now favor the abolition of the pension plan, a source said.
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