Acme increases its pension fund contribution.
Improving the financial condition of the pension fund was a feature
of the settlement between 66 Acme Markets in the Philadelphia area and
Local 1357 of the United Food and Commercial Workers. In return for a
wage freeze during the first 5 months of the 3-year contract, Acme agreed to raise its payment to the pension fund to $188 a month per
full-time employee over the contract term, from $109.38. For part-time
workers, Acme's obligation was raised to $47 a month, from $33.45.
A union official said that the financial health of the Tri-State
Multiemployer Pension Fund would be assured if other food store chains
agreed to similar increases in their obligation, noting that Acme had
earlier agreed to a contract for 4,000 workers in New Jersey, Delaware,
and Pennsylvania that provided for the same increase in pension fund
payment in return for a first contract-year wage freeze.
Other terms of the Acme accord for the Philadelphia area included a
$57.53-a-month increase in the company's health and welfare
obligation over the term, bringing it to $306.74 on May 1, 1986, and for
part-time workers, a $32.44 increase, to $122.49; 40-cent-an-hour wage
increases (20 cents for baggers and other customer service employees) on
January 27, 1985, and January 26, 1986; an additional 70-cent increase
over the term to 700 "between grades" workers who were moved
to the next higher grade; time and one-half for Sunday work, instead of
double time; and termination of Easter Monday as a holiday.
The contract, which covers 4,700 workers, expires on January 15,