Saturday, December 16, 2017
 
 
News: Page (1) of 1 - 04/24/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Philly Orchestra, musicians' pension fund settle
Philadelphia Orchestra reaches $1.75 million settlement with musicians' pension fund
By The Associated Press

PHILADELPHIA (AP) ' The Philadelphia Orchestra says it has reached a settlement agreement with the national pension fund representing musicians for the financially struggling organization.

The Philadelphia Orchestra Association said it will pay $1.75 million to the American Federation of Musicians and Employers' Pension Fund. In exchange, the pension fund will drop its court challenges against the orchestra.

The agreement was approved Tuesday by the judge overseeing the Chapter 11 bankruptcy reorganization filed a year ago by the orchestra.



The orchestra is still working on a new contract with the Kimmel Center, its landlord.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines