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Auburn-area Tops employees among those who will receive $764M in pension restoration

  • / Updated:
  • Staff Report 

Members of the United Food and Commercial Workers Local One (UFCW Local One) union, which represents employees at Tops Markets and G&L Davis Meat Co. in upstate New York, will benefit from a $764 million payment to restore pensions impacted by the 2008 financial crisis.


The Citizen reports the pension fix, part of the American Rescue Plan’s Butch Lewis Relief Act, aims to prevent the collapse of multiemployer pension plans.

UFCW Local One’s pension plan was projected to run out of funds by 2026, putting members at risk of severe pension cuts.

Employees and their families were relieved that the funding was made available.