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RETIREMENT AND OTHER EMPLOYEE BENEFIT PROGRAMS (Tables)
 12 Months Ended
Dec. 31, 2017
Compensation And Retirement Disclosure [Abstract]  
Schedule of Multiemployer Defined Benefit Pension Plans

The following table outlines our participation in Multiemployer Pension Plans:

 

 

 

 

 

Pension Protection Act Zone Status (1), (3)

 

 

 

Company Contributions (4)

(in millions)

 

 

 

 

Plan Employer ID Number

 

Plan #

 

2017

 

2016

 

FIP/RP Status (2)

 

2017

 

 

2016

 

 

Expiration Date of Collective Bargaining Agreement

Pension Plan Private Sanitation Union, Local 813 IBT

13-1975659

 

1

 

Red/

Critical

 

Red/

Critical

 

Implemented

 

$

0.6

 

 

$

0.5

 

 

11/30/2019

Nurses And Local 813 IBT Retirement Plan

13-3628926

 

1

 

Green

 

Red

 

N/A

 

$

-

 

 

$

-

 

 

various dates

 

(1)

Zone status is defined by the Department of Labor and Pension Protection Act of 2006 and represents the level at which the plan is funded.  Plans in the red zone are less than 65% funded plans in the green zone are at least 80% funded. Status is based on information received from pension plans and is certified by the pension plans actuary.

 

(2)

The "FIP/RP Status" column indicates plans for which a Funding Improvement Plan ("FIP”) or a Rehabilitation Plan ("RP") has been implemented or is pending.  The most recent Pension Protection Act zone status available in 2017 and 2016 is for the plans’ year-end December 31, 2016 and 2015, respectively.

 

(3)

A multiemployer defined benefit pension plan that has been certified as endangered, seriously endangered or critical may begin to levy a statutory surcharge on contribution rates.  Once authorized, the surcharge is at the rate of 5% for the first 12 months and 10% for any periods thereafter, until certain conditions are met.  Contributing employers, however, may eliminate the surcharge by entering into a collective bargaining agreement that meets the requirements of the applicable FIP or RP.

 

(4)

The Company was listed in the Form 5500 for the Pension Plan Private Sanitation Union Local 813 IBT as individually significant for contributing more than 5% of total contributions to the plan during the plan years ended December 31, 2016 and 2015.  At the date these financial statements were issued, Forms 5500 were not available for the plans for the year 2017.