McClatchy Co., Sacramento, Calif., contributed $38.6 million to its pension plans in the first quarter of 2003. "We may contribute more for the rest of the year,” said Elaine Lintecum, treasurer. "If we do, it will be more in the range of $10 million to $12 million.” She said the contributions are voluntary.
The company contributed $10 million in 2002, she said.
McClatchy will distribute the contribution based on its existing allocation of 70% equities and 30% fixed income; it won’t add managers, she said.
The plans have $342 million in assets and $102 million in unfunded liabilities, including those of supplemental executive retirement benefits.
