Fu rth er, during 2012, Del ha i ze Am erica amended a defined contribution retirement and savings plan offered to
Hannaford executives by closing it for new employees and future services and at the same time offering existing
participants a guaranteed return achieved by an hypothetical investment account. Consequently, the plan
classification changed to a defined benefit plan and the net liabi lity Of $28 milliOn (€22 million) was transferred from
other non-current liabilities to pension benefit provisions.
(c) Further, Delhaize America operates unfunded supplemental executive retirement plans ("SERP") covering a limited
number of executives of Food Lion and Hannaford. Benefits generally are based on average earnings, years of
service and age at retirement. In 2011, Delhaize A merica decided to discontinue the SERP for Hannaford
executives.
Alfa Beta has an unfunded defined benefit post-employment plan. This plan relates to termination indemnities prescribed by
Greek law, consisting of lump-sum compensation granted only in cases of normal retirement or termination of employment.
All employees of Alfa B eta are covered by this plan.
In Serbia, Delhaize Group has an unfunded defined benefit that provides a lump-sum retirement indemnity upon retirement
of the employee. The plan and the benefit to be provided is subject to the requirements of local law. The benefit is based on
a certain multiple of the average salary upon retirement of the employee.
Super Indo operates an unfunded defined benefit post-employment plan, which provides benefits upon retirement, death and
disability, as required by local law and regulation. All employees of Super Indo that were employed for at least tw o years are
covered by this plan.
DELHAIZE GROUP FINANCIAL STATEMENTS '12 131
