H fifillslEil 129 23 Pensions and other post-employment benefits (continued) Ahold at a glance Our strategy Our performance Governan Financials Investors Ahold Annual Report 2013 Notes to the consolidated financial statements December 29, 2013 December 30, 2012 million Date of Annual latest information contributions Plan deficit (surplus) Ahold's participation Ahold's proportionate share of deficit (surplus) Annual contributions Plan deficit (surplus) Ahold's participation Ahold's proportionate share of deficit (surplus) FELRA UFCW Food Pension Fund Jan. 1, 2013 26 716 61.2% 438 33 828 60.3% 499 Mid-Atlantic UFCW Participating Employers Pension Fund 6 New England Teamsters Trucking Industry Pension original pool Oct. 1, 2012 6 2,907 3.0% 87 New England Teamsters Trucking Industry Pension new pool 6 UFCW Local 1262 Employers Pension Fund Jan. 1, 2012 6 167 22.6% 38 7 224 21.5% 48 United Food Commercial Workers Intl Union - Industry Pension Fund July 1, 2012 17 (357) 21.9% (78) 17 (99) 22.0% (22) UFCW Local 1500 Pension Plan Jan. 1, 2013 6 132 26.8% 35 6 138 25.8% 36 Warehouse Employees' Union Local 730 Pension Trust Fund Jan. 1, 2013 2 66 59.5% 39 2 87 53.7% 47 Other plans various 5 3,699 1.3% 9 6 5,155 1.2% 37 Total 74 4,423 481 77 9,240 732 These are new plans in 2013 and Ahold has not yet received the valuation reports from the plan administrators. In 2012 a restructuring took place regarding the FELRA UFCW Food Pension Fund. Under the restructuring, the Mid-Atlantic UFCW Participating Employers Pension Fund was created for future service accruals for active Giant Landover employees. Both plans are funded by Ahold USA and any other participating employers. It is anticipated that the contribution levels of the Mid- Atlantic UFCW Participating Employers Pension Fund will be sufficient to fully fund benefits earned by the employees of Ahold USA and other participating employers. During 2013, Stop Shop reached an agreement with the New England Teamsters and Trucking Industry Pension Fund (NETTI) to settle Stop Shop's pension liabilities in the fund. This agreement follows NETTI's restructuring to create a new future benefit service "pool." Employers who participate in the new pool will be responsible only for the pension benefits of their own employees, without regard to any previous fund liabilities in the original pension pool. Under the settlement agreement, Stop Shop has moved its employees into the new pool, effective March 31, 2013, without any loss of benefits for its employees and will settle its liability and payment obligations in the original pension pool through the payment of $100 million (€76 million), payable in two equal installments of $50 million, the first paid on June 22, 2013, and the second due by April 30, 2025. If the underfunded liabilities of the multi-employer pension plans are not reduced, either by improved market conditions or collective bargaining changes, increased future payments by the Company and the other participating employers may result. However, all future increases will be subject to the collective bargaining process. In 2014, the Company expects its contributions to decrease to €72 million. Moreover, if the Company were to exit certain markets or otherwise cease making contributions to these funds, the Company could trigger a substantial withdrawal liability. Any adjustment for withdrawal liability will be recorded when it is probable that a liability exists and the amount can be reasonably estimated. Except for the NETTI withdrawal liability payment mentioned above, no other withdrawal payments were incurred or included in the 2013 and 2012 contributions disclosed above. Ahold's risk of increased contributions and withdrawal liabilities may be greater if any of the participating employers in an underfunded multi-employer plan withdraw from the plan or, due to insolvency, are not able to contribute an amount sufficient to fund the underfunded liabilities associated with their participants in the plan.

Jaarverslagen | 2013 | | pagina 34