If your union or employer’s defined benefit plan was in critical and declining condition and facing insolvency, would you consider a hybrid retirement solution to fix it? That’s exactly how the UFCW Local 21 turned their red-zone plan back to green. UFCW Local 21 president, Faye Guenther, shares the bold steps taken by her UFCW family when they switched from their legacy plan to a variable annuity pension plan (VAPP). Some highlights from UFCW Local 21 and the Saga of the Variable Annuity Plan include: 04:17 – A Red-zone Plan in a Death Spiral 08:14 – The First Big Challenge  10:36 – Kroger and the VAPP 16:44 – The Employer Reactions 19:48 – The Variable Annuity Plan and the Path Forward