Kroger, Albertsons, Stop & Shop to withdraw from UFCW national pension fund

The Kroger Co., Albertsons Cos. and Ahold Delhaize USA’s Stop & Shop have reached tentative agreements with United Food and Commercial Workers (UFCW) union locals to withdraw from the UFCW International Union-Industry Pension Fund. Plans call for the UFCW locals to transition to variable annuity-based pension plans from their current [...]

2020-07-28T23:21:00+00:00July 28th, 2020|Tags: , , , , |

Grocers to start variable plan, withdraw from UFCW pension fund

Kroger Co., Stop and Shop Supermarket Co. and Albertsons Cos. announced Tuesday that they have reached agreements to withdraw from the United Food and Commercial Workers International Union-Industry Pension Fund and contribute to a new variable annuity pension plan. The UFCW International Union-Industry Pension Fund, Mokena, Ill., had $6.1 billion [...]

2020-07-23T22:42:43+00:00July 23rd, 2020|Tags: , , , |

Albertsons Cos. Announces Tentative Agreement With UFCW Local Unions

Boise, Idaho-based Albertsons Companies Inc. says it has entered into a tentative agreement with the trustees of the United Food and Commercial Workers International Union’s Union-Industry Pension Fund. The agreement provides that ACI will permanently cease to have any obligation to contribute to the National Fund, a multi-employer pension plan, [...]

2020-07-23T22:40:19+00:00July 23rd, 2020|Tags: , , |
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