You need more knowledge of US pension law than I possess to grasp the latest twist in the Philadelphia Orchestra bankruptcy escape. But one thing is clear: old players lose out.
Read here.
UPDATE: And here’s more, more depressing still.
The Mozart concerto due to be played three…
The tenor Ian Bostridge shocked Symphony Hall Birmingham…
The orchestra’s president Gary Ginstling has engaged Katya…
The Berlin Philharmonic chief conductor Kirill Petrenko has…
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Wish there more details. The only way this would be acceptable is if it affected ONLY newly hired players. I would hate to think a musician with 20-30 years or more is suddenly going to receive less per year than what he/she had planned on.
A pension of 80 000$ a year? Please…