When your benefits are consolidated, Cal STRS will determine the amount of service credit that can be added to your Defined Benefit account, and will apply the contributions and interest in your Cash Balance account toward the cost of covering your eligible Cash Balance service under the Defined Benefit Program.
In many cases, Cash Balance Benefit Program contributions and interest will not cover the full cost of all eligible Cash Balance service that you performed.
The review primarily concerned frozen meals, prepared foods, coffee and ice cream, with multiple brands up for review.
According to several individuals close to the business, Grey won agency of record duties on the Fit Kitchen, Outshine, Lean Cuisine and Haagen Dazs lines, adding above-the-line and digital work to its existing responsibilities. roster as the company consolidated its frozen pizza brands (Di Giorno’s, Tombstone, Jack’s and California Pizza Kitchen) and assigned lead duties on Coffee-Mate to the group, according to multiple parties.
“With that, periodic changes do occur, but as a matter of policy, we don’t comment on them.”Representatives for Grey, JWT, Mc Cann, Doner, 360i and Publicis declined to comment for this story.
The review did not affect Nestlé’s relationships with other agencies including Leo Burnett and Deep Focus, which will continue to work on the Purina brand.
Earlier this month, The Wall Street Journal reported that the company is in talks to acquire Canada’s Champion Petfoods for more than billion, in large part due to pressure from activist investors pushing the higher-margin pet food business.
All of your Cash Balance funds must first be applied to the consolidation of your eligible Cash Balance service under the Defined Benefit Program.
After your Cash Balance funds have been applied to the cost of covering your eligible Cash Balance service, you may have Cal STRS: brochure.