8 12, 2020

Kroger withdraws from UFCW pension fund to start new variable plan

2020-12-08T10:12:04-08:00December 8th, 2020|Categories: Defined Benefit Plans|Tags: , , |

Kroger Co. ratified an agreement to withdraw from the United Food and Commercial Workers International Union-Industry Pension Fund and contribute to a new variable annuity pension plan, the company said. Similar agreements were ratified by Stop & Shop Supermarket Co. and Albertsons Cos. The tentative agreements were announced in July. The grocers and the UFCW created the UFCW and Employer's Variable Annuity Pension Plan for future benefits, with a pension benefit formula good through June 2028, when future contributions [...]

19 06, 2014

Kroger restructures multiemployer pension fund participation

2014-06-19T23:50:42-07:00June 19th, 2014|Categories: Pension Funding|Tags: , , , |

Kroger Co., Cincinnati, is restructuring its participation in some multiemployer pension funds, spokesman Keith Dailey said. The changes represent additional steps in the company’s ongoing efforts to address its pension liabilities, Mr. Dailey said. Kroger announced it is moving the liabilities for 870 current employees and 840 retirees in Washington state to the UFCW Consolidated Pension Fund, Atlanta, from the Washington Meat Industry Pension Trust, Seattle. […]

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