Kroger family of companies reaches agreement with local unions to improve security and stability of future pension benefits for associates

Cincinnati, may 21, 2021 /prnewswire/ -- the kroger co. (nyse: kr) today announced that certain associates within the fred meyer and qfc divisions have ratified an agreement with four local unions for the transfer of liabilities from the sound retirement trust to the ufcw consolidated pension plan. this new arrangement will help secure the pension benefits of more than 10,600 kroger family of companies' associates and is expected to minimize the organization's exposure to market risk going forward while also reducing administrative costs.
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