Kroger withdraws from UFCW pension fund to start new variable plan
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 [...]