Gannett Employees & RMDs: What You Need to Know Before Age 73
November 11, 2025
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Company: Gannett
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How Oil Volatility Affects Your Gannett Retirement
Crude oil prices remain elevated and volatile, with annualized volatility around 80% and prices ranging between $50 and $120 per barrel over the past six months. Consumer discretionary spending patterns and production logistics costs create indirect exposure to prolonged oil price volatility for media and entertainment companies. Comprehensive financial planning at Gannett benefits from understanding how energy price volatility creates indirect effects on inflation, interest rates, and portfolio valuations that affect long-term wealth building. Working with a financial advisor can help you position your planning strategy for sustained energy price uncertainty.
'Gannett employees can stay ahead of required minimum distributions by planning early and thoughtfully coordinating withdrawals with their broader retirement income goals.' — Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.
'Gannett employees can benefit from understanding RMD rules early so they can thoughtfully incorporate withdrawals into a long-term income plan that fits their personal goals and timing.' — Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.
In this article, we will discuss:
When and how required minimum distributions (RMDs) must be taken.
Which retirement accounts are subject to RMD rules.
Strategies to thoughtfully use RMD withdrawals in retirement.
Under IRS rules, required minimum distributions (RMDs) begin at age 73 for those born between 1951 and 1959. Under these rules, you must take out a specific amount of money annually from tax-deferred retirement plans, such as IRAs, 401(k)s, and 403(b)s, once you turn 73. Answers to common questions are provided below to help you move forward confidently.
What is a required minimum distribution (RMD)?
A required minimum distribution (RMD) is a set amount of money that the IRS mandates you withdraw each year from your tax-deferred retirement accounts beginning at age 73, including accounts you may have contributed to while working for Gannett.
When do I have to take my RMD?
Every year on December 31, your RMD must be taken. You can wait until April 1 of the year after your 73rd birthday to take your first RMD—but only your first. Delaying may result in taking two RMDs in the same year, which could increase your taxable income.
If I keep working, do I still need to take an RMD?
If you continue working past age 73 and remain in an employer-sponsored plan with your current employer, you may be able to delay RMDs from that account if:
- You are still actively employed
- You own no more than 5% of the company
- The employer plan permits delayed RMDs
This applies only to the plan with your current employer—not to IRAs or plans from former employers.
How is my RMD calculated?
Your RMD is generally calculated by dividing your retirement account balance as of December 31 of the previous year by a life-expectancy factor published by the IRS. The IRS Uniform Lifetime Table is typically used unless a spouse more than 10 years younger is the sole beneficiary.
What can I do with my RMD once I take it?
It helps to think through your options before withdrawing your RMD. For example, Gannett professionals may:
Invest it: Place funds into a taxable investment account or contribute to a 529 plan (if eligible)
Spend it: Apply funds to retirement lifestyle needs
Gift it: Use a Qualified Charitable Distribution (QCD) directly from an IRA, which can satisfy RMD rules starting at age 70½ and is excluded from taxable income. For , QCDs may reach up to $108,000 per person 1
Which accounts require RMDs?
RMDs generally apply to:
- Most 401(k) and 403(b) plans
- Traditional, rollover, SIMPLE, and SEP IRAs
- Certain small business retirement accounts
Roth accounts in workplace plans—like a Roth 401(k)—do not require RMDs for the original owner starting in . Beneficiaries of inherited Roth accounts may still need to withdraw funds.
What if I inherit an IRA?
Many general RMD rules still apply to inherited accounts. Your required withdrawal schedule depends on your relationship to the original account owner and applicable IRS inheritance rules.
Can I take all my RMDs from one account?
It depends on the account type:
IRAs: Can be aggregated and withdrawn from one or multiple IRA accounts
403(b)s: May be aggregated but calculated separately
401(k)s: Must be calculated and withdrawn from each account individually—including any Gannett balance still held
Extra withdrawals do not count toward future years’ RMDs.
Are RMDs taxed?
Yes. RMDs are taxed as ordinary income and may be subject to both federal and state income taxes. Taking two RMDs in one year, often caused by delaying the first, can increase your taxable income.
Need help creating your RMD strategy?
Understanding RMDs can influence how you structure your retirement income—especially for Gannett employees shifting from workplace plans to personal withdrawal strategies. The Retirement Group can help you build an approach that aligns with your situation. Call us at (800) 900-5867 to get started.
Planning for a longer retirement means making the most of every benefit Gannett provides throughout your career. Without a traditional pension, your 401(k) - alongside Social Security - forms the foundation of your retirement income at Gannett. Gannett matches 25% match on first 4% of eligible pay (1% max) - reinstated July 2024. Your overall withdrawal strategy, account sequence, and Roth conversion opportunities leading up to and into retirement deserve careful, personalized analysis given the income-sequencing implications.
Looking at the healthcare component, Gannett does not offer continued medical coverage to retirees, which means coverage through the company ends when employment does. Planning for the cost of health insurance during any gap between your retirement date and Medicare eligibility at age 65 is a critical step - marketplace coverage, COBRA continuation, or a spouse's employer plan are common options. Building an accurate estimate of bridge-coverage costs into your retirement income projection prevents underestimating one of the largest variable expenses retirees face. Connecting your specific Gannett benefits situation to a comprehensive retirement income plan - and understanding how each component interacts - gives you the most complete picture of what retirement will look like.
5. Myers, Elizabeth A. Required Minimum Distribution (RMD) Rules for Original Owners of Retirement Accounts. Congressional Research Service, 29 Aug. , www.congress.gov/crs-product/IF12750 .
How does The Newspaper Guild International Pension Plan ensure that members are informed about their pension benefits, and what steps should an employee take to understand their earned Pension Credits within this Plan?
Member Information on Pension Credits: Members are informed about their pension benefits and earned Pension Credits through an annual statement provided by the Board of Trustees. This statement includes details about years of service, vesting status, and accrued Pension Credits. Members are encouraged to keep their contact information updated to ensure they receive all pertinent information.
In what ways are the contribution rates structured under The Newspaper Guild International Pension Plan, and how do these rates impact the monthly benefits that members receive upon retirement?
Contribution Rates Structure: The pension contributions by employers are structured based on collective bargaining agreements. These contributions are pivotal in determining the monthly benefits members receive upon retirement. The rate of contributions, along with the number of years of service and accumulated Pension Credits, directly influences the calculation of retirement benefits.
Can you elaborate on the different types of pensions offered by The Newspaper Guild International Pension Plan, including the eligibility criteria and the benefits associated with each type?
Types of Pensions Offered: The plan offers several types of pensions: Regular Pension, Early Pension, Disability Pension, and Deferred Pension. Each type has specific eligibility criteria:
Regular Pension is available upon reaching Normal Retirement Age, generally age 65.
Early Pension can be taken from age 55, provided certain service and Pension Credit conditions are met.
Disability Pension is awarded if a member becomes disabled as per the plan's criteria and Social Security Administration’s confirmation.
Deferred Pension applies if a member leaves employment after vesting but before qualifying for early or regular pension.
How does The Newspaper Guild International Pension Plan address the calculation of pensions for members who have participated in more than one pension contribution plan, and what specific guidelines govern these calculations?
Multiple Pension Plans Participation: If a member has participated in more than one pension contribution plan, their pensions are calculated by taking into account all the Pension Credits accumulated across different plans. Specific guidelines ensure that the benefits from all plans are integrated correctly to reflect total earnings and contributions.
What implications does the merger of the NewsGuild-CWA Adjustable Pension Plan into The Newspaper Guild International Pension Plan have for current and future pension benefits for employees covered under both plans?
Implications of Plan Mergers: The merger of the NewsGuild-CWA Adjustable Pension Plan into The Newspaper Guild International Pension Plan ensured that no accrued benefits were reduced. All benefits from the merged plan are honored, with provisions made to integrate the benefits and maintain the financial integrity of the merged plan.
How should an employee of The Newspaper Guild International Pension Plan respond if they experience a change in employment status that may affect their pension eligibility and what steps do they need to take to maintain their benefits?
Change in Employment Status: Members experiencing a change in employment status that might affect their pension eligibility should immediately notify the plan administrators. Steps include reviewing the impact on their Pension Credits and adjusting their retirement planning accordingly.
In the event of an employee’s death, what provisions are made under The Newspaper Guild International Pension Plan for survivor benefits, and how can family members navigate the process of claiming these benefits?
Provisions for Survivor Benefits: In case of a member’s death, the plan provides survivor benefits to the spouse or domestic partner. These benefits are structured based on the type of pension the member was receiving or entitled to receive, ensuring ongoing support for the beneficiaries.
How does The Newspaper Guild International Pension Plan define what constitutes "disqualifying employment," and what are the consequences for a member if they engage in such employment before reaching normal retirement age?
Disqualifying Employment Definition: Disqualifying employment under The Newspaper Guild International Pension Plan refers to any job that might affect a member's pension benefits if engaged in before reaching the normal retirement age. Engaging in such employment could potentially suspend or reduce pension benefits.
What resources does The Newspaper Guild International Pension Plan provide for employees seeking assistance with their pension plans, and who specifically should they contact for detailed inquiries regarding their benefits?
Resources for Assistance: Members seeking assistance with their pension plans are encouraged to contact the Board of Trustees directly. The plan’s office provides detailed inquiries and support regarding benefit calculations, eligibility, and other pension-related questions.
How can an employee contact The Newspaper Guild International Pension Plan for further information about their pension benefits, and what specific inquiries should they be prepared to discuss during their interaction with the Office?
Contacting for Further Information: Members can contact The Newspaper Guild International Pension Plan office via provided contact details for further information about their pension benefits. When interacting with the office, members should be prepared to discuss their employment history, Pension Credit details, and any specific questions about their retirement benefits.
With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Pension Plan Name: Identify the name of Gannett’s pension plan.
Years of Service and Age Qualification: Determine the requirements for eligibility in terms of years of service and age.
Pension Formula: Find out the formula used to calculate pension benefits.
Review Gannett's 401(k) Plan:
401(k) Plan Name: Identify the name of Gannett’s 401(k) plan.
Eligibility: Determine who qualifies for participation in the 401(k) plan.
Gannett Employee Pension Plan
Restructuring and Layoffs: In 2023, Gannett, the publisher of USA Today, announced a series of layoffs and restructuring efforts aimed at reducing operational costs. The company faced significant financial challenges due to declining print advertising revenues and increased digital competition. Gannett's workforce reduction strategy was part of a broader plan to streamline operations and focus on digital transformation. The move also involved consolidating regional newsrooms and reducing staff in various departments to improve overall efficiency. This restructuring is crucial to address, given the current economic climate where media companies are grappling with shifting revenue models and increasing operational costs. Benefits, Pensions, and 401(k) Changes: In response to these challenges, Gannett made adjustments to its employee benefits, including changes to its pension plan and 401(k) offerings. The company revised its pension benefits, moving to a more streamlined defined contribution plan, and made modifications to its 401(k) match program. These changes reflect the broader trend of companies reassessing their retirement benefits in light of economic pressures and the evolving investment landscape. For employees and retirees, understanding these adjustments is essential, given the current investment environment and the impact of such changes on long-term financial planning.
Gannett provided stock options and RSUs primarily to executives and senior management. The options are typically granted as part of the annual compensation review and vest over a period of time, usually four years. Gannett uses RSUs to retain and motivate key employees, with the vesting schedule commonly tied to performance and tenure. (Source: Gannett 2022 Annual Report, p. 32)
Visit Gannett’s official website to check for health benefits information.
Employee Benefits Websites:
Look at websites like Glassdoor, Indeed, or LinkedIn for employee reviews and insights into their health benefits.
News Outlets:
Search reputable news websites like Reuters, Bloomberg, or CNBC for recent news regarding Gannett’s health benefits and any changes in healthcare offerings.
Industry Reports:
Review industry-specific reports or publications for detailed information on Gannett’s employee benefits.
Benefit-focused Websites:
Check websites that focus specifically on employee benefits, such as BenefitsPro or Employee Benefit News.
Search Results for Gannett's Health Benefits Information:
Gannett Official Website:
Benefits Overview: Gannett offers a variety of health benefits including medical, dental, and vision coverage. They also provide wellness programs and employee assistance programs (EAP).
Acronyms: Common acronyms include EAP (Employee Assistance Program), HDHP (High Deductible Health Plan), and FSA (Flexible Spending Account).
Glassdoor:
Employee Reviews: Employees have reported that Gannett’s health benefits include competitive health insurance plans, but some have noted concerns about high premiums and limited coverage options.
Acronyms: Employees often mention PPO (Preferred Provider Organization) and HSA (Health Savings Account).
Indeed:
Employee Insights: Reviews suggest that Gannett offers standard health benefits with options for dental and vision care. Some employees have commented on the variability of benefits depending on job role and tenure.
For more information you can reach the plan administrator for Gannett at , ; or by calling them at .
