McClatchy Freezes Some Executive Pensions Pending Federal Negotiations

The McClatchy Co., owner of 30 newspapers including the Sacramento Bee, disclosed Thursday that it will stop paying supplemental or non-qualified executive retirement benefits.

In a press release, the company’s Chief Financial Officer Elaine Lintecum said a small number of former executives will see their non-qualified pension benefits eliminated for now but will continue to receive the portion their pensions that are guaranteed and insured.

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