Safeway 2012 Annual Report Download - page 89

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SAFEWAY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
77
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 2012 2011 2010 Count Expiration % headcount
(2)
United Food &
Commercial
Workers
International
Union-Industry
Pension Fund
$ 3.0 $ 3.1 $ 3.0 No 9/1/2012 to
11/1/2014 6 1 9/1/2012 82%
Washington Meat
Industry Pension
Trust
$ 3.0 $ 2.7 $ 2.5 No 1/5/2013 to
1/31/2015 12 4 5/4/2013 80%
Safeway Multiple
Employer
Retirement Plan (3) $ 2.4 $ — $ — NA NA NA NA NA NA
Alaska United Food
and Commercial
Workers Pension
Trust
$ 1.9 $ 1.9 $ 1.8 Yes 12/11/2012
to 5/31/2015 10 1 5/31/2012 48%
Retail Food
Employers and
UFCW Local 711
Pension Trust
Fund
$ 1.5 $ 1.5 $ 1.5 No 5/19/2013 to
3/1/2015 3 2 3/1/2015 97%
Central Pension Fund
of the International
Union of Operating
Engineers and
Participating
Employers
$ 1.5 $ 1.4 $ 1.3 No 4/13/2013 to
6/4/2016 6 1 4/14/2013 42%
Alaska Teamster-
Employer Pension
Plan
$ 1.0 $ 1.0 $ 0.9 No 3/8/2014 to
10/4/2014 3 2 3/8/2014 85%
Other funds $ 2.7 $ 2.8 $ 2.0
Total Safeway
contributions to
U.S. multiemployer
pension plans $261.3 $ 262.7 $ 245.4
NA = not applicable.
(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 may contribute under these most significant collective bargaining agreements as a percent of all
employees on which Safeway may contribute to the respective fund.
(3) The Safeway Multiple Employer Retirement Plan (“SMERP”) is a multiple employer plan as defined in the Internal Revenue Code.
However, the SMERP is characterized as a multiemployer plan by the FASB, even though it is not maintained pursuant to any
collective bargaining agreements to which Safeway is party. The plan may be subject to statutory annual minimum contributions
based on complex actuarial calculations. Additionally, it has no PPA zone status and is not subject to establishment of a funding
improvement plan or a rehabilitation plan or other PPA provisions that apply to multiemployer plans.
At the date the financial statements were issued, Forms 5500 were generally not available for the plan years
ending in 2012. Additionally, for the plan year ending January 31, 2010, Safeway contributed more than 5%
of the total contributions to the Chicago Area I.B. of T. Pension Plan, and for the plan year ending March 31,
2010, Safeway contributed more than 5% of the total contributions to the Southern California United Food
and Commercial Workers Union and Food Employers Joint Pension Plan.