Participation and Contributions to Multiemployer Pension Plans |
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Pension Protection Act
Zone Status |
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FIP
/ RP Status |
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Partnership
Contributions
(in thousands) |
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Pension
Fund
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EIN
/ Pension Plan
Number |
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2013 |
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2012 |
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Pending /
Implemented |
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2013 |
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2012 |
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2011 |
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Surcharge
Imposed |
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Expiration Date of
Collective-
Bargaining
Agreement |
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New England
Teamsters & Trucking Industry Pension Fund
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04-6372430
/ 001 |
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Yellow |
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Yellow |
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N/A |
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$ |
2,709 |
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$ |
2,532 |
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$ |
2,512 |
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No |
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3/31/2014 |
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Westchester Teamsters
Pension Fund
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13-6123973
/ 001 |
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Green |
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Green |
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N/A |
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820 |
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771 |
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817 |
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No |
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1/31/2014 |
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Local 553 Pension
Fund
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13-6637826
/ 001 |
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Green |
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Green |
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N/A |
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2,729 |
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2,152 |
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2,082 |
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No |
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1/15/2014 |
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Local 463 Pension
Fund
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11-1800729
/ 001 |
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Green |
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Green |
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N/A |
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146 |
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155 |
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155 |
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No |
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2/28/2014 |
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All Other Multiemployer
Pension Plans
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1,614 |
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1,627 |
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1,364 |
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Total
Contributions |
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$ |
8,018 |
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$ |
7,237 |
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$ |
6,930 |
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Net Periodic Benefit Cost for Period Reconciliation of Changes in Plan Assets Projected Benefit Obligations and Amounts Recognized in Other Comprehensive Income and Accumulated Other Comprehensive Income |
The following
table provides the net periodic benefit cost for the period, a
reconciliation of the changes in the Plan assets, projected benefit
obligations, and the amounts recognized in other comprehensive
income and accumulated other comprehensive income at the dates
indicated using a measurement date of September 30 (in
thousands):
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Debit /
(Credit)
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Net Periodic
Pension
Cost in
Income
Statement |
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Cash |
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Fair
Value of
Pension
Plan
Assets |
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Projected
Benefit
Obligation |
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Other
Comprehensive
(Income) / Loss |
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Gross Pension
Related
Accumulated
Other
Comprehensive
Income |
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Fiscal Year
2011
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Beginning
balance
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$ |
49,323 |
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$ |
(65,922 |
) |
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$ |
33,212 |
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Interest cost
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2,993 |
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(2,993 |
) |
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Actual return on plan
assets
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(3,984 |
) |
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3,984 |
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Employer
contributions
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(3,224 |
) |
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3,224 |
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Benefit payments
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(4,097 |
) |
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4,097 |
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Investment and other
expenses
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(377 |
) |
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377 |
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Difference between actual
and expected return on plan assets
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597 |
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(597 |
) |
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Anticipated
expenses
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246 |
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(246 |
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Actuarial loss
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(3,191 |
) |
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3,191 |
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Amortization of
unrecognized net actuarial loss
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2,765 |
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(2,765 |
) |
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Annual
cost/change
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$ |
2,240 |
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$ |
(3,224 |
) |
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3,111 |
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(1,956 |
) |
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$ |
(171 |
) |
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(171 |
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Ending balance
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$ |
52,434 |
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$ |
(67,878 |
) |
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$ |
33,041 |
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Funded status at the end of
the year
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$ |
(15,444 |
) |
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Fiscal Year
2012
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Interest cost
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2,858 |
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(2,858 |
) |
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Actual return on plan
assets
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(8,727 |
) |
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8,727 |
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Employer
contributions
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(3,365 |
) |
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3,365 |
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Benefit payments
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(4,223 |
) |
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4,223 |
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Investment and other
expenses
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(374 |
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374 |
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Difference between actual
and expected return on plan assets
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5,075 |
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(5,075 |
) |
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Anticipated
expenses
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|
262 |
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(262 |
) |
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Actuarial loss
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(6,650 |
) |
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6,650 |
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Amortization of
unrecognized net actuarial loss
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2,751 |
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(2,751 |
) |
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Annual
cost/change
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$ |
1,845 |
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$ |
(3,365 |
) |
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7,869 |
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(5,173 |
) |
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$ |
(1,176 |
) |
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(1,176 |
) |
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Ending balance
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$ |
60,303 |
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$ |
(73,051 |
) |
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$ |
31,865 |
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Funded status at the end of
the year
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$ |
(12,748 |
) |
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Fiscal Year
2013
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Interest cost
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|
2,477 |
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(2,477 |
) |
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Actual return on plan
assets
|
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|
(332 |
) |
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|
332 |
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Employer
contributions
|
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(3,476 |
) |
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|
3,476 |
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Benefit payments
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(4,083 |
) |
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4,083 |
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Investment and other
expenses
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|
(285 |
) |
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285 |
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Difference between actual
and expected return on plan assets
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(3,475 |
) |
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|
3,475 |
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Anticipated
expenses
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|
302 |
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(302 |
) |
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Actuarial gain
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7,157 |
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(7,157 |
) |
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Amortization of
unrecognized net actuarial loss
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|
2,655 |
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(2,655 |
) |
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Annual
cost/change
|
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$ |
1,342 |
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|
$ |
(3,476 |
) |
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|
(275 |
) |
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|
8,746 |
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|
$ |
(6,337 |
) |
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|
(6,337 |
) |
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Ending balance
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$ |
60,028 |
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$ |
(64,305 |
) |
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$ |
25,528 |
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Funded status at the end of
the year
|
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|
$ |
(4,277 |
) |
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