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Monday, August 13, 2018

Tops employees approve new pension settlement

WHEC-TV:  Tops Friendly Markets is taking another major step forward in its fight to get out of bankruptcy.

The union that reps most Tops workers says in a record turnout, employees voted to approve a new pension settlement.

The deal will give employees less money in retirement but more cash up front that will be put into a new 401k plan.

For the union this shores up pension benefits for workers, and the change eases the financial burden on the company.
Tops employees approve new pension settlement