Union says Tops plans to cut payments to employee pension plan

2018-03-27T09:31:38-07:00March 27th, 2018|Categories: Pension Funding|Tags: |

Tops Markets plans to ask a bankruptcy court judge to allow it to reduce its contributions by nearly two-thirds to the already underfunded pension plan that covers most of its employees, according to officials from the largest union representing workers at the supermarket chain. Tops has not yet asked the U.S. Bankruptcy Court to reduce the payments, but officials from Local One of the United Food and Commercial Workers said they have been told by attorneys representing the supermarket [...]