Seattle Symphony: We’re In The Black! (And The Musicians’ Pensions?)

The good news is that the Seattle Symphony overcame a $2.5 million deficit to balance its books this season. “The downside to the news is that the symphony has not made any payments this season to the musicians’ pension plan, said Timothy Hale, chairman of the Seattle Symphony and Opera Players’ Organization. Under terms of the symphony’s contract with its musicians, it owes the pension fund $1.154 million annually to be made in four quarterly payments. The first three have not been made, Hale said.”