News : UFCW 951 and Meijer Reach Agreement on 2021 Retirement Incentive

UFCW 951 and Meijer Reach Agreement on 2021 Retirement Incentive

12/9/2020 4:00:00 AM

UFCW 951 and Meijer announced today that the parties have reached agreement on a retirement incentive for 2021.

Terms of the agreement are detailed below:

  • Eligibility: Age 60 or older with a minimum of 15 years of continuous service, both as of December 31, 2021.
  • Incentive: $350 per year for every year of full-time or part-time service.
  • Members hired prior to October 5, 2005 will also receive prorated payment for unused vacation.
  • Deadline: Members must retire between January 31, 2021 and February 27, 2021.

“I have received numerous requests from members interested in a retirement incentive for 2021 and am pleased that we were able to reach an agreement with Meijer on this issue,” John Cakmakci, UFCW 951 president, said. “Deciding to retire is a major decision. I encourage members eligible for the incentive to carefully consider their personal and financial situation in making this decision.”

Employees eligible for the incentive will receive an information packet in the mail from Meijer in the upcoming weeks.

The agreement also includes a look back to October 1, 2020, meaning members who retired after that date will be eligible for the incentive, provided they meet the eligibility requirements.