Mcclatchy pension fund
WebThe McClatchy Company Retirement Plan ended as of August 31, 2024. The plan covers more than 24,000 workers and retirees. For participants who received their first payment … Web10 apr. 2024 · It appears that none of McClatchy's 30 newspapers covered the charges, which culminated in Chatham and its founder Anthony Melchiorre agreeing to pay $19 million in disgorgement and penalties for ...
Mcclatchy pension fund
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WebMcClatchy’s pension plan investments earned healthy returns of 22.05 percent for the first nine months of 2009. Total assets in the retirement plan as of Sept. 30, 2009, were … Web15 jan. 2024 · McClatchy, the second-largest newspaper publisher in the U.S. by circulation, skipped a $12 million debt-interest payment as it continued to negotiate with …
Web14 nov. 2024 · McClatchy Co., the third-largest newspaper publisher in the U.S. by circulation, said it has begun talks with its creditors and federal authorities about a possible government takeover of its pension fund as it tries to relieve considerable liquidity pressure due to its pension responsibilities and debt loan - Wall Street Journal Benefit accruals … Web14 nov. 2024 · Of pressing concern, a $120 million pension funding payment is due in the spring. Under the heading “pension matters and potential restructuring,” McClatchy …
Web1 feb. 2024 · On September 04, 2024, the Pension Benefit Guaranty Corporation took responsibility as trustee for the defined benefit pension plan sponsored by The … Web17 jul. 2024 · Recently released data from The Pew Charitable Trusts shows the strain on state retirement systems nationwide as state pension funds strive to keep pace with benefits owed to public employees. Fiscal year 2024 (the most recent data available) saw a combined $1.28 trillion in state pension plan funding deficits. While massive, this was …
Web14 nov. 2024 · McClatchy Co., the fifth-largest newspaper company in the U.S. by circulation according to Statista last year, is looking for a bailout of its pension fund.. In reporting its third quarter results ...
WebThe McClatchy Company, commonly ... The company cited pension obligations and excessive debt as the primary reasons for the filing. In August 2024, the Court approved an offer by Chatham Asset Management—a hedge fund that also owns a 66% share in Canadian publisher Postmedia—to acquire McClatchy for $312 million. The company ... richards snip snap scissorsWeb13 mei 2024 · As of Jan. 1, 2024, the McClatchy and Knight Ridder pensions covered 24,056 total participants, of which only 1,704 were active employees, the PBGC’s filing … redmond theaterWeb16 jan. 2024 · In November, McClatchy disclosed that it was discussing having the PBGC take over its qualified defined benefit plan. That plan, which was closed to new participants in 2009, has $1.3 billion in ... richards solicitorsWeb15 jan. 2024 · F. Under 26 U.S.C. § 430(k) and 29 U.S.C. §1083(k), if the unpaid balance of required minimum funding contributions and interest under 26 U.S.C. §412 and 29 … richards soilWeb28 sep. 2015 · McClatchy owes a total of $956 million in bond debt. The pension fund’s lawsuit doesn’t specify which bonds are at the heart of the lawsuit or in what amounts. … redmond thaiWeb16 jan. 2024 · McClatchy has said it was unable to make $124 million in contributions due over the course of 2024, and it would stop making supplemental payments to some … richardsson extrapolation rk4http://media.mcclatchy.com/static/pdfs/pension/81110PensionSPD.pdf redmond time right now