UFCW Local 21 and the Saga of the Variable Annuity Plan


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By Traci Dority-Shanklin. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

If your union or employer’s defined benefit plan was in critical and declining condition and facing insolvency, would you consider a hybrid retirement solution to fix it? That’s exactly how the UFCW Local 21 turned their red-zone plan back to green. UFCW Local 21 president, Faye Guenther, shares the bold steps taken by her UFCW family when they switched from their legacy plan to a variable annuity pension plan (VAPP).

Some highlights from UFCW Local 21 and the Saga of the Variable Annuity Plan include:

04:17 – A Red-zone Plan in a Death Spiral
08:14 – The First Big Challenge
10:36 – Kroger and the VAPP
16:44 – The Employer Reactions
19:48 – The Variable Annuity Plan and the Path Forward

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