The owner of 30 newspapers including The State will stop paying supplemental executive pensions.

McClatchy Chief Financial Officer Elaine Lintecum said a few former executives’ non-qualified benefits will end but will receive guaranteed, insured benefits.

Officials said just under 600 people were affected.

McClatchy is negotiating with the federal Pension Benefit Guaranty Corp. to manage its pension program for more than 24,000 retirees.

McClatchy faces $124 million in pension obligations in 2020.

McClatchy has struggled to pay off debt from the $4.5 billion takeover of the Knight Ridder publishing company in 2006. Mc-Clatchy has since paid that debt down to $708 million.

McClatchy said it might have to file for bankruptcy.

That doesn’t mean the company’s 30 papers would close.

Last year, McClatchy stock fell from $7.95 a share to $0.48 a share.