Acme increases its pension fund contribution.
Improving the financial condition of the pension fund was a feature of the settlement between 66 Acme Markets
freeze - fixing (of prices or wages etc) at a particular level; "a freeze on hiring"
wage freeze n → congelación f de salarios during the first 5 months of the 3-year contract, Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point".
2. A program for MS-DOS. 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 Delaware, state, United States
Delaware (dĕl`əwâr, –wər), one of the Middle Atlantic states of the United States, the country's second smallest state (after Rhode Island). , 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 Easter Monday
The Monday following Easter, observed as a holiday in some countries and North Carolina.
Easter Monday n → lunes m de Pascua
as a holiday.
The contract, which covers 4,700 workers, expires on January 15, 1987.