CHICAGO — Underfunded multiemployer pension plans represent a growing drain on cash flow and earnings for the big three supermarket chains, which face the largest such risk among all U.S. businesses, according to a report issued Monday by Fitch Ratings here. Safeway, Supervalu and Kroger, respectively, have the largest ongoing exposure to multiemployer pensions among all U.S. businesses, as ranked by Fitch, with most of their plans significantly underfunded and requiring larger ...
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