Wednesday, February 11, 2009

Pension question

Here's a question from a reader:

I'm a former employee of a paper now owned by McClatchy, and was wondering what entity runs/administers/handles the McC pension.
If you have info, put in comments.

UPDATE: Apparently who runs the pension becomes extremely important if MNI goes bankrupt: "If it's McC and McC goes under, so does the pension plan. If it's outside, then it depends on the health of that company or entity."


Anonymous said...

I was a KRI employee. My retirement is being administerd by:

The Northern Trust Company
Benefit Payment Services
Chicago Il.

Hope this helps.

Anonymous said...

The KRI pensions are still managed by Northern Trust and they sent out a letter this week saying that the pension freeze had no effect on them, but beware, McClatchy has taken them over.

Anonymous said...

"McClatchy has taken them over."

Words to freeze your blood!

Anonymous said...

Gee, I wonder why they took them over? I guess this is another "Blue Print for Success" by McClatchy.

Anonymous said...

Probably part of the great $5 firewall.

Does lokeman get a pension too?

Anonymous said...

I think in the end the government has to come in if the company has no money. Each company pays into this government fund. In the end you would be paid but I don't that it would be the same amount.

Anonymous said...

“Does lokeman get a pension too?”

You may say that tongue in cheek, but I would bet she had a special arrangement that did not end when she supposedly left the Star. That whole deal was so stinking!