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Kroger to Make $1 Billion Contribution to Its Benefit Plans

  • 07-17-2017
(Reuters) - Kroger Co, the biggest U.S. supermarket operator, said on Monday it would make a contribution of up to $1 billion to its benefit plans to address the under-funded position of the plan.þþThe company will issue debt to pay for the funding of the pension liability, Kroger said in a regulatory filing, adding that its overall balance sheet obligations will not change. (http://bit.ly/2u0MKRP)þþ(Reporting by Divya Grover in Bengaluru; Editing by Shounak Dasgupta)

Source: NY Times