Hundreds of former McClatchy and Knight Ridder employees were owed supplemental pensions amounting to more than $118 million at the end of last year, papers filed in bankruptcy court say, McClatchy’s D.C. bureau reported.
The company made the names and totals owed public for the first time with the filing. The company has not been paying the special pensions since it declared bankruptcy in February.
Gary B. Pruitt, McClatchy’s former chief executive, has the largest amount on the list, at $14.5 million.
The government doesn’t cover the supplemental pensions and the pensioners are asking the bankruptcy judge to mandate that McClatchy or its new owners fulfill the commitments, McClatchy reported.