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Tops employees approve new pension settlement

August 12, 2018 09:18 PM

Tops is staking 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.

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The deal will give employees less money in retirement but more up 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.

More than 75 percent of workers in the Rochester region voted yes to the change.
 

WHECTV

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