Philadelphia Orchestra Association
A judge gave the Philadelphia Orchestra permission to terminate its single-employer pension plans. The orchestra said it would be, “difficult, if not impossible,” to reorganize the orchestra with the current plan in place.
The Philadelphia Orchestra says a new collective bargaining agreement has been reached between the orchestra association and its musicians union.
A national musicians’ pension fund is expected to claim in bankruptcy court today that the Philadelphia Orchestra Association “improperly characterized” how millions of dollars in donations could be used.
The board of directors of the Philadelphia Orchestra could decide on Saturday whether to file for bankruptcy, and the musicians have been staging quiet protests against the possible move.