May 25, 2011
As we enter into day 74 of the lockout, we are continuing to see the effects of the work stoppage take their toll.
The Buffalo Bills are experiencing the latest round of their “lockout crunch” with the suspension of all pension plan payments to all employees for the duration of the lockout, and possibly for the entire 2011-2012 NFL year. According to AP reports, Bills CEO Russ Brandon stated that the team will decide whether or not to reinstate the payments at a later date. The AP, via the Washington Post, also confirmed that Bills employees had already been informed that any 2011-12 plan contributions from the Bills organization would be discretionary.
The Bills are the first franchise to suspend their pension plan payments during the course of the 74 day lockout.
Another day of the lockout, another unfortunate turn of events for employees of NFL teams. Unfortunately, this entire situation can’t truly be put into perspective because we do not know the numbers in the owners books (***and we as people writing about the situation have nothing to justify obtaining this information). What we do know is that if the Bills are cutting pension payments in day 74 of this lockout, a more prolonged lockout that cuts into the NFL season could be disastrous for NFL team employees.
All the more reason to hope the NFL labor dispute gets sorted out sooner rather than later.