Safeway 2008 Annual Report Download - page 85

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SAFEWAY INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements
Estimated Future Benefit Payments The following benefit payments, which reflect expected future service as
appropriate, are expected to be paid (in millions):
Pension
benefits
Other
benefits
2009 $ 118.4 $ 4.6
2010 122.2 4.7
2011 127.0 4.8
2012 134.6 4.8
2013 139.8 4.9
2014 – 2018 771.4 25.3
Multi-Employer Pension Plans Safeway participates in various multi-employer retirement plans, covering substantially
all Company employees not covered under the Company’s non-contributory retirement plans, pursuant to agreements
between the Company and various unions. These plans are generally defined benefit plans; however, in many cases,
specific benefit levels are not negotiated with or known by the employer-contributors. Contributions of $286.9 million in
2008, $270.1 million in 2007 and $253.8 million in 2006 were made and charged to expense.
Note J: Investment in Unconsolidated Affiliates
At year-end 2008, 2007 and 2006, Safeway’s investment in unconsolidated affiliates includes a 49% ownership interest
in Casa Ley, which operates 146 food and general merchandise stores in Western Mexico.
Equity in earnings from Safeway’s unconsolidated affiliates, which is included in other income, was a loss of $2.5 million
in 2008, income of $8.7 million in 2007 and income of $21.1 million in 2006.
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