Albertsons companies announces tentative agreement with ufcw local unions regarding pension benefits for associates

Albertsons companies announces tentative agreement with ufcw local unions regarding pension benefits for associates.albertsons companies inc - upon ratification of agreement by nine local ufcw unions, will pay about $286 million to national fund.albertsons companies inc - charge due to agreement will not affect adjusted ebitda, adjusted net income for 2020.albertsons companies - within 30 days of establishment of variable annuity pension plan, co to make a payment of about $8 to $9 million.albertsons companies - expects to incur pre-tax charge of about $286 million to record withdrawal liability for benefits earned for prior service.albertsons companies - pension benefit formula fixes terms of aci's projected future pension costs through june 30, 2028 for nine local ufcw unions.albertsons companies - co, local unions will establish vapp by october 31, 2020.albertsons companies inc - will pay amount to national fund in 3/4 installments over next 3 years.albertsons companies - cp, ufcw local unions entered into a mou that will establish variable annuity pension plan, effective as of july 1, 2020.
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