Last updated on September 4, 2020
The McClatchy Company Retirement Plan
On February 13, 2020, The McClatchy Company and 53 subsidiaries filed for Chapter 11 protection in the U.S. Bankruptcy Court in Manhattan. On August 4, 2020, the bankruptcy court approved the sale of substantially all assets of McClatchy and its subsidiaries, leaving no entity to support the pension plan. PBGC has stepped in to terminate the pension plan and become statutory trustee to protect the interests of the participants. The termination of the pension plan was effective as of August 31, 2020. PBGC offers the following information to McClatchy participants.
PBGC will update the following questions and answers about McClatchy as more information becomes available.