ESPN.com: MLB owners to remove pension plan?
Major League Baseball is discussing doing away with a pension fund for team’s non-uniformed personnel, including the scouts and front office members, writes Adam Rubin for ESPNNewYork.com.
According the website’s sources, owners attempted to revoke this pension plan last year but it was voted down. This year, however, owners will have a second vote, intended to be kept secret, at an owners meeting in May. Interestingly enough, this will not affect employees of the Minnesota Twins, as the ballclub was one of four MLB teams to opt out of the plan.
While this may seem galling for an industry making over $8 billion annually to put the screw job to scouts who average less than $40,000 a year, this is the tread with the private sector. In 1979, the article cites, more than 28 percent of private-sector worker received defined-benefit pension plans. That number has declined to less than 3 percent in 2012.