Safeway 2011 Annual Report Download - page 88

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SAFEWAY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
Contributions of Safeway
(in millions)
Surcharge
imposed (1)
Expiration
date of
collective
bargaining
agreements
Total
collective
bargaining
agreements
Most significant collective
bargaining agreement(s)
Pension fund 2011 2010 2009 Count Expiration
%
headcount (2)
Retail Food Employers and UFCW Local 711
Pension Trust Fund $ 1.5 $ 1.5 $ 1.6 No
2/26/2012 to
5/19/2013 3 2 2/26/2012 97%
Central Pension Fund of the International
Union of Operating Engineers and
Participating Employers $ 1.4 $ 1.3 $ 1.2 No
6/2/2012 to
6/14/2014 6 1 4/14/2013 42%
Alaska Teamster-Employer Pension Plan $ 1.0 $ 0.9 $ 0.9 No
3/8/2014 to
10/4/2014 3 2 3/8/2014 86%
Other funds $ 2.8 $ 2.0 $ 2.5
Total Safeway contributions to U.S.
multiemployer pension plans $262.7 $245.4 $236.8
(1) PPA surcharges are 5% or 10% of eligible contributions and may not apply to all collective bargaining agreements or
total contributions made to each plan.
(2) Employees on which Safeway contributes under these most significant collective bargaining agreements as a percent of
all employees on which Safeway contributes to the respective fund.
At the date the financial statements were issued, Forms 5500 were generally not available for the plan years ending in 2011.
Additionally, for the plan year ending January 31, 2009, Safeway contributed more than 5% of the total contributions to the
Chicago Area I.B. of T. Pension Plan.
The following two tables contain information about Safeway’s Canadian multiemployer pension plans. Since plan level
information is not publicly available for these plans, additional disclosures have been provided.
Total plan assets
(in millions)
Actuarial present
value of
accumulated
benefits (in
millions) Fund status (%)
Total plan
contributions
(in millions)
Safeway
5% of total
plan
contributions
Pension fund EIN - PN 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009
Canadian Commercial Workers Industry
Pension Plan (1) 0580431 $1,721.3 $1,445.6 $2,392.5 $2,380.9 65-80% 65-80% $135.3 $122.2 Yes Yes
UFCW Pension Plan (B.C.) (1) 0574467 $1,434.0 $1,182.7 $1,448.3 $1,157.7 80%+ 80%+ $ 47.8 $ 40.4 Yes Yes
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