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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended March 1, 2014, March 2, 2013 and March 3, 2012
(In thousands, except per share amounts)
15. Retirement Plans (Continued)
Following are the future benefit payments expected to be paid for the Defined Benefit Pension
Plan and the nonqualified executive retirement plan during the years indicated:
Nonqualified
Defined Benefit Executive
Fiscal Year Pension Plan Retirement Plan
2015 ..................................... $ 7,378 $ 1,722
2016 ..................................... 7,520 1,625
2017 ..................................... 7,687 1,599
2018 ..................................... 7,829 1,228
2019 ..................................... 8,068 1,204
2020 - 2024 ............................... 42,793 4,424
Total ................................... $81,275 $11,802
Other Plans
The Company participates in various multi-employer union pension plans that are not sponsored
by the Company. Total expenses recognized for the multi-employer plans were $26,617 in fiscal 2014,
$19,787 in fiscal 2013 and $14,594 in fiscal 2012.
16. Multiemployer Plans that Provide Pension Benefits
The Company contributes to a number of multiemployer defined benefit pension plans under the
terms of collective-bargaining agreements that cover certain of its union-represented employees. The
risks of participating in these multiemployer plans are different from single-employer plans. Assets
contributed to the multiemployer plan by one employer may be used to provide benefits to employees
of other participating employers. If a participating employer stops contributing to the plan, the
unfunded obligations of the plan may be borne by the remaining participating employers. Additionally,
if the Company chooses to stop participating in some of its multiemployer plans, the Company may be
required to pay those plans an amount based on the underfunded status of the plan, referred to as a
withdrawal liability.
The Company’s participation in these plans for the annual period ended March 1, 2014 is outlined
in the table below. The ‘‘EIN/Pension Plan Number’’ column provides the Employer Identification
Number (EIN) and the three-digit plan number, if applicable. The most recent Pension Protection Act
(PPA) zone status available for fiscal 2014 and fiscal 2013 is for the plan year-ends as indicated below.
The zone status is based on information that the Company received from the plan and is certified by
the plan’s actuary. Among other factors, plans in the red zone are generally less than 65 percent
funded, plans in the yellow zone are less than 80 percent funded, and plans in the green zone are at
least 80 percent funded. The ‘‘FIP/RP Status Pending/Implemented’’ column indicates plans for which a
financial improvement plan (FIP) or a rehabilitation plan (RP) is either pending or has been
implemented. In addition to regular plan contributions, the Company may be subject to a surcharge if
the plan is in the red zone. The ‘‘Surcharge Imposed’’ column indicates whether a surcharge has been
imposed on contributions to the plan. The last two columns list the expiration date(s) of the
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