Arbitrator sides with grocers in pension dispute

By: Associated Press Email
By: Associated Press Email

Denver (AP) - An arbitrator has sided with grocers in a dispute over a multi-employer pension fund for unionized Colorado grocery workers.

King Soopers and Safeway said arbitrator Ira Jaffe ruled Monday that the status of the fund should remain ``red'' not ``green,'' which would have meant the fund was healthy enough to pay most of its liabilities.

The grocery chains argue that given the fund's red status, cuts in workers' pension benefits would be reasonable.

The companies are negotiating new labor contracts with United Food and Commercial Workers Union Local 7. The union wanted to extend the fund's green status for a year to allow the fund time to recover from a battered stock market without having to make cuts.

KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 49631607 -
Gray Television, Inc.