Safeway 2013 Annual Report Download - page 88

Table of Contents
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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 2013 2012 2011 Count Expiration
% head-
count (2)
Washington Meat Industry
Pension Trust $3.2 $3.0 $2.7 No 3/15/2014 to
5/7/2016 12 45/7/2016 80%
Alaska United Food and
Commercial Workers
Pension Trust
$2.0 $1.9 $1.9 Yes 1/31/2013 to
12/11/2015 10 15/31/2015 49%
Safeway Multiple Employer
Retirement Plan (3) $1.9 $2.4 $—NA NA NA NA NA NA
Retail Food Employers and
UFCW Local 711 Pension
Trust Fund
$1.6 $1.5 $1.5 No 5/19/2013 to
3/1/2015 323/1/2015 98%
Central Pension Fund of the
International Union of
Operating Engineers and
Participating Employers
$1.5 $1.5 $1.4 No 6/14/2014 to
4/15/2018 624/15/2018 45%
Alaska Teamster-Employer
Pension Plan $1.0 $1.0 $1.0 No 3/8/2014 to
10/4/2014 323/8/2014 85%
Other funds $2.4 $3.2 $2.8
Total Safeway contributions to
U.S. multiemployer pension
plans $259.2 $248.7 $238.2
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.
(4) The Mid-Atlantic UFCW & Participating Employers Pension Fund is a multiemployer plan effective January 1, 2013 which provides future service benefits to
participants who would have otherwise earned future service under the Food Employers Labor Relations Association and United Food and Commercial
Workers Pension Fund. The plan is not expected to be subject to zone status certification or notice or establishment of a funding improvement plan or a
rehabilitation plan as per section 432(a) of the Internal Revenue Code since those provisions are required for multiemployer plans in effect on July 16, 2006.
At the date the financial statements were issued, Forms 5500 were generally not available for the plan years ending in 2013. Additionally, for
the plan year ending March 31, 2011, 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.
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