Waldbaum’s and New York State Retirement for Employees
Waldbaum’s, a grocery store chain that was acquired by A&P and later faced bankruptcy, had employees who may have been covered by a union pension plan.
It is important to distinguish between Waldbaum’s pensions and the New York State and Local Retirement System (NYSLRS). NYSLRS is the retirement system for New York State and local government employees, not typically for private sector companies like Waldbaum’s.
Waldbaum’s Pension Specifics
- Union involvement: Many Waldbaum’s employees were likely covered by a union pension fund, such as the Local 338 Retirement Fund.
- A&P bankruptcy and PBGC involvement: When A&P (which owned Waldbaum’s) went bankrupt, many store buyers declined to continue the pension plans. The Pension Benefit Guaranty Corporation (PBGC), a federal agency, stepped in to pay retirement benefits to many of these retirees, up to the legal maximum.
- Underfunded pension funds: Some multi-employer pension funds that covered former Waldbaum’s employees struggled financially, leading to benefit reductions for some retirees.
New York State and Local Retirement System (NYSLRS) Overview
For comparison, here are some key aspects of the NYSLRS:
- Eligibility: Employees are generally eligible for a service retirement benefit at age 55 with five or more years of credited service.
- Benefit Calculation: Benefits are calculated based on age, years of service, and final average salary (FAS).
- Early retirement: Members can retire as early as age 55, but with less than 30 years of service, a reduced benefit applies.
- Maximum Benefit: The maximum pension benefit can be 75% of FAS for Tier 1 members or the benefit payable after 32 years of service for Tiers 2, 3, 5, and 6.
If you were a Waldbaum’s employee with questions about your pension, you should contact:
- The Local 338 Retirement Department (if applicable) at 516-294-1338 ext. 1305.
- The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) at 1-866-444-3272.
If you are a New York State or Local government employee interested in your retirement benefits, you can:
- Sign in to Retirement Online to estimate your pension, says the New York State Comptroller’s website.
- Request a pre-retirement consultation by calling 866-805-0990.
- Refer to your Member Annual Statement for information on your retirement plan, credited service, and estimated benefits, according to the Office of the New York State Comptroller.
Retirees Corner – Local 338
About Local 338’s Retirement Department. The Local 338 Retirement Fund is one of the most important benefits that our union negotiated for you. The Fund was est…
Local 338
Eligibility, the Benefit and Filing – New York State Comptroller
* Eligibility. Tier 1 Members: You are eligible to retire at age 55. Tier 2 and 3 Members: You must have at least five years of service credit after July 1, 197…
Office of the New York State Comptroller (.gov)
Federal agency to pick up A&P pensions – Lohud
Mar 17, 2016 — At its height, the Great Atlantic & Pacific Tea Co. operated A&P, Pathmark, Waldbaum’s and Food Emporium food stores. In 2010, the company restructured after fi…
Lohud
Retirees Corner – Local 338
About Local 338’s Retirement Department. The Local 338 Retirement Fund is one of the most important benefits that our union negotiated for you. The Fund was est…
Local 338
Preparing for Retirement | Office of the New York State Comptroller
Review your Member Annual Statement We provide a statement to our members every summer. It lists your retirement account totals as of March 31 for each year. Be…
Office of the New York State Comptroller (.gov)
Pre-Retirement Consultations – New York State Comptroller
You will need an appointment for a pre-retirement consultation. To schedule one, please call 866-805-0990. Appointments are available by phone or in-person at o…
Office of the New York State Comptroller (.gov)
Member Annual Statement | Office of the New York State Comptroller
Sign in to Retirement Online to estimate your pension based on the current earnings and service information we have on file for you. You can fine-tune your esti…
Office of the New York State Comptroller (.gov)
Eligibility, the Benefit and Filing – New York State Comptroller
Eligibility. You will be eligible for a service retirement benefit when you reach age 55 and have five or more years of credited member service. If you are a Ti…
Office of the New York State Comptroller (.gov)
Pensions | New York State Attorney General
Whom do I contact? Contact the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) at 1-866-444-3272 or visit the EBSA website.
New York State Attorney General (.gov)
A Look Inside NYSLRS – New York Retirement News
Nov 13, 2024 — NYSLRS Retirees and Beneficiaries. The average pension for an ERS retiree was $27,870; the average for a PFRS retiree was $62,391. But these pension payments do…
New York Retirement News
Pension agency to pay retiree benefits for A&P workers – Newsday
Mar 17, 2016 — Pension agency to pay retiree benefits for A&P workers. … A federal agency said Thursday it will pay retirement benefits to more than 21,000 current and futur…
Newsday
RETIREMENT BENEFITS & OPTIONS
Calculation. A member’s monthly retirement allowance is calculated using the member’s age at retirement, years of creditable service, and amount of the member’s…
Three LI multi-employer pension funds struggle financially – Newsday
Jul 9, 2016 — “They patted everybody on the back and said if you retire now we will give you this,” said DeStefano, who retired 14 years ago from the former Waldbaum’s Distri…
Newsday
This Defunct Grocery Store Chain Was The Supermarket Wannabe …
May 25, 2025 — In the 1980s, Waldbaum’s transitioned into a megastore, adding general merchandise items within dramatically larger retail spaces. However, the chain’s success …
What Is the Retirement Age in New York?
Oct 9, 2024 — Understanding the New York State Retirement System The New York State and Local Retirement System (NYSLRS ( New York State and Local Retirement System ) ) provi…
Nasdaq
Waldbaum’s – Wikipedia
The chain also for a time operated stores in New Jersey, Connecticut, and Massachusetts. Founded in 1904, Waldbaum’s was one of seven “banner store chains” owne…
Wikipedia
Dive deeper in AI Mode
AI responses may include mistakes. Learn more
Office of the New York State Comptroller (.gov)
Retirement | Office of the New York State Comptroller
The New York State and Local Retirement System (NYSLRS) offers services for the public members, retirees and employers of New York State.Contact NYSLRSMembersLoans: Applying and RepayingRetireesRetirement PlanningWelcome New MembersKeys to Retirement Benefits
Missing:waldbaums | Show results with: waldbaums
People also ask
How many years do you have to work for NY state to get a pension?
What is the NYS retirement incentive 2025?
What happens to my NY state retirement if I quit?
How many years to be vested in the New York State retirement system?
Feedback
New York State Unified Court System (.gov)
Matter of Jiminez v Waldbaums (2004 NY Slip Op 05731)
Jul 1, 2004 — The Board granted claimant leave to reopen the case on production of adequate evidence of a job search after the retirement date to support a …
Glassdoorhttps://www.glassdoor.comWaldbaum: Employee Benefits and Perks
Excellent benefits, pension, medical coverage. Lots of sick time, some personal time. 401k offered, christmas club, direct deposit of pay.
2.3(13)
Access Retirement Online. Members, retirees and beneficiaries can sign in to personal accounts. Employers can sign in to do business with NYSLRS.
Missing:waldbaums | Show results with: waldbaums
May 1, 2025 — Appeal from a decision of the Workers’ Compensation Board, filed October 4, 2023, which, among other things, granted claimant’s request for an …
People also search for
New York State Retirement System Tier 4
New York state Retirement System login
List of New York state Retirees Pensions
Division of Tax Appeals (.gov)
STATE OF NEW YORK TAX APPEALS TRIBUNAL
Under certain provisions of the Employment Retirement … Motormen also could not conclude any new agreements with the unions without Waldbaum’s consent.
READY TO RETIRE. Are You Vested? Divorced? Prepare to Retire · Pension Payment Options · Application for Retirement · Pre-Retirement Consultations.Loans: Applying and RepayingRequest additional service creditMembership Milestones for…Retirement PlanningWelcome New MembersKeys to Retirement BenefitsPre-Retirement Consultations
Missing:waldbaums | Show results with: waldbaums
Images
New York State Teachers’ Retirement System | NYS Pension | NYSTRS
New York State Common Retirement Fund | Office of the New …
New York State Comptroller
Retirees | Office of the New York State Comptroller
New York State Comptroller
New York State and Local Retirement System | The Buzz
SUNY Broome News Dashboard
ufcw1500.org
Former Pathmark & Waldbaums stores converted into new union …
Mar 9, 2016 — We will negotiate wage increases, fight to attain more premiums for part-timers and full-timers, preserve pensions and focus on one more …
Pension Benefit Guaranty Corporation (.gov)
Tips for finding an unclaimed retirement benefit
Feb 25, 2025 — Have you lost track of a retirement benefit that you earned during your working career? Read PBGC’s guide on Unclaimed retirement benefits …
Get the answer you’re looking for added to the web
Your question will be shared with online publishers who may be able to answer it. When shared, it won’t be associated with your Google Account.
Make sure you don’t include any private info
Learn more
People also search for
New York State Teachers Retirement System
NYS Retirement System questions
Nys Retirement Online customer service
More search results
Mt Sinai, New York – From your IP address
Update location
Dark theme: offHelpFeedbackPrivacyTerms
AI overview is ready
R.M.P Marotta Long Island 
Leave a comment