Kroger in Tentative Pact With UFCW Local Unions on Pension (1)

Kroger announced today a tentative agreement with 20 local unions of the United Food and Commercial Workers to withdraw from the UFCW International Union-Industry Pension Fund , a multi-employer pension plan. This would allow 33,000 Kroger family of companies’ associates across 14 divisions to participate in a new variable annuity pension plan that improves security for future retirement benefits.

• Kroger sees no impact to adjusted earnings per diluted share for 2020
• Kroger continues to expect to exceed the 2020 outlook shared in its April 1 business update for identical sales without fuel, adjusted FIFO operating profit, adjusted EPS and adjusted ...