Albertsons 2016 Annual Report Download - page 96

94
The following table describes the expiration of the Company’s collective bargaining agreements associated with the significant
multiemployer plans in which the Company participates:
Most Significant Collective
Bargaining Agreement
Pension Fund
Range of
Collective
Bargaining
Agreement
Expiration Dates
Total Collective
Bargaining
Agreements Expiration Date
% of Associates
under Collective
Bargaining
Agreement (1)
Over 5%
Contribution
2015
Minneapolis Food Distributing Industry
Pension Plan 6/1/2015 – 5/31/2018 1 5/31/2018 100.0% Yes
Central States, Southeast and Southwest
Areas Pension Fund 6/1/2011 – 8/31/2017 10 6/14/2017 27.5% No
Minneapolis Retail Meat Cutters and
Food Handlers Pension Fund 3/6/2016 – 3/4/2018 1 3/4/2018 100.0% Yes
UFCW Unions and Participating
Employers Pension Plan 7/13/2014 – 7/8/2017 2 7/8/2017 68.0% Yes
Western Conference of Teamsters Pension
Plan 6/15/2011 – 7/15/2017 8 7/15/2017 44.8% No
UFCW Union Local 655 Food Employers
Joint Pension Plan 5/13/2013 – 5/8/2016 1 5/8/2016 100.0% Yes
UFCW Unions and Employers Pension
Plan 4/6/2014 – 4/2/2016 2 4/2/2016 76.5% Yes
(1) Company participating employees in the most significant collective bargaining agreement as a percent of all Company employees participating in the
respective fund.
Multiemployer Postretirement Benefit Plans Other than Pensions
The Company also makes contributions to multiemployer health and welfare plans in amounts set forth in the related collective
bargaining agreements. These plans provide medical, dental, pharmacy, vision and other ancillary benefits to active employees
and retirees as determined by the trustees of each plan. The vast majority of the Company’s contributions benefit active
employees and as such, may not constitute contributions to a postretirement benefit plan. However, the Company is unable to
separate contribution amounts to postretirement benefit plans from contribution amounts paid to benefit active employees.
The Company contributed $95, $89 and $87 for fiscal 2016, 2015 and 2014, respectively, to multiemployer health and welfare
plans. If healthcare provisions within these plans cannot be renegotiated in a manner that reduces the prospective healthcare
cost as the Company intends, the Company’s Selling and administrative expenses could increase in the future.
Collective Bargaining Agreements
As of February 27, 2016, the Company had approximately 38,000 employees. Approximately 16,000 employees are covered by
55 collective bargaining agreements. During fiscal 2016, nine collective bargaining agreements covering approximately 1,600
employees were renegotiated and three collective bargaining agreements covering approximately 110 employees expired
without their terms being renegotiated. Also, four collective bargaining agreements covering approximately 700 employees
expired prior to fiscal 2016 without their terms being renegotiated. Negotiations are expected to continue with the bargaining
units representing the employees subject to those agreements. During fiscal 2017, 24 collective bargaining agreements covering
approximately 8,400 employees are scheduled to expire.