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Multiemployer Pension Plans (Tables)
 12 Months Ended
Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]  
Multiemployer Pension Plan Description and Contributions

The following table presents information about multiemployer pension plans in which we participate:

 

 

 

 

Pension

 

FIP/RP Status

 

Contributions of

 

 

 

 

 

 

 

 

 

Employer

 

Protection Act

 

Pending/

 

the Company

 

 

Surcharge

 

Expiration Date

 

 

Identification

 

Zone Status1

 

Implemented

 

Year Ended December 31,

 

 

Imposed

 

of Collective-

Pension Fund

 

Number

 

2021

 

2020

 

in 20212

 

2021

 

 

2020

 

 

2019

 

 

in 2021

 

Bargaining Agreements

 

 

 

 

 

 

 

 

 

 

(in millions of dollars)

 

 

 

 

 

 

 

Steelworkers Pension

   Trust (USW)3

 

23-6648508

 

Green

 

Green

 

No

 

$

3.6

 

 

$

3.8

 

 

$

3.8

 

 

No

 

Sep 2025 - Nov 2026

Other Funds4

 

 

 

 

 

 

 

 

 

 

1.4

 

 

 

1.1

 

 

 

1.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

5.0

 

 

$

4.9

 

 

$

5.0

 

 

 

 

 

 

 

 

1.

The zone status is based on information that we received from the plan and is certified by the plan’s actuary. Among other factors, plans in the green zone are at least 80% funded.

2.

The “FIP/RP Status Pending/Implemented” column indicates if a Financial Improvement Plan (FIP) or a Rehabilitation Plan (RP) is either pending or has been implemented for the plan under the Pension Protection Act.

3.

We are party to three collective bargaining agreements with the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC (“USW”) that require contributions to the Steelworkers Pension Trust. As of December 31, 2021, USW collective bargaining agreements covering employees at our Newark, Ohio (“Newark”) and Spokane, Washington (“Trentwood”) facilities covered 86% of our USW-represented employees and expire in September 2025. Our monthly contributions per hour worked by each bargaining unit employee at our Newark and Trentwood facilities were (in whole dollars) $1.75 in 2021. The union contracts covering employees at our Richmond, Virginia facility and Florence, Alabama facility cover 11% and 3% of our USW-represented employees, respectively, and expire in November 2026 and March 2026, respectively.

4.

Other Funds consists of plans that are not individually significant.