SUPERVALU rings up $93 million in contributions
By Christine Williamson | October 18, 2012 3:08 pm
SUPERVALU Inc., Eden Prairie, Minn., contributed a total of $93 million to its defined benefit and other post-retirement benefit plans in the first half of its fiscal year, according to the grocery store chain's fiscal second-quarter 2013 earnings report released Thursday.
According to the company's fiscal first quarter 2013 earnings report, issued June 16, $75 million was contributed to the plans in that quarter, leaving $18 million contributed in its second quarter.
SUPERVALU expects to contribute a total of $168 million to its DB plans and $7 million to its post-retirement benefit plans in fiscal 2013, according to the fiscal 2012 annual report.
SUPERVALU's 2012 fiscal year ended on Feb. 25, when defined benefit plan assets totaled $2.016 billion.