UFCW Union Pension Trustees Demand Albertsons Delay $4B Dividend Pending Fulfillment of Pension Obligations
Source: Business Wire Pension Trustees representing United Food and Commercial Workers (UFCW) Locals 5, 8, 480 and 648 in Northern California and Hawaii demand Albertsons delay an anticipated $4 billion dividend to shareholders. “The UFCW played a significant role in securing billions of dollars in anticipated pension funding through the American Rescue Plan Act as a means to bolster qualifying pension plans. This government support of retirement security must not be converted into a windfall for shareholders at the [...]