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Stop & Shop’s Investment of $229 Million in Retirement Benefits for Union Associates Ratified by UFCW Local 1500
Stop & Shop’s Investment of $229 Million in Retirement Benefits for Union Associates Ratified by UFCW Local 1500
QUINCY, Mass., Dec. 18, 2020 Today Stop & Shop announced that UFCW Local 1500 has ratified an agreement for the company to make a $229 million investment in pension benefits for its members.
“We’re pleased this agreement has been ratified as it will improve the security of future retirement benefits for our union associates, while reducing financial risk going forward. This represents a significant investment in our associates who are dedicated to serving our communities every day,” said Gordon Reid, President, Stop & Shop.