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RETIREMENT AND OTHER EMPLOYEE BENEFIT PROGRAMS (Tables)
12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Schedule of Multiemployer Defined Benefit Pension Plans
The following table outlines the Company’s participation in Multiemployer Pension Plans:
Pension Protection Act Zone Status (1), (3)
FIP/RP Status (2)
Company Contributions (4)
(in millions)
Expiration Date of Collective Bargaining Agreements
Plan Employer ID NumberPlan #2022202120222021
Pension Plan Private Sanitation Union, Local 813 IBT13-1975659
Red/
Critical
Red/
Critical
Implemented$0.6 $0.6 various dates
Nurses And Local 813 IBT Retirement Plan13-3628926GreenGreenN/A$0.1 $— various dates
(1)Zone status is defined by the Department of Labor and the Pension Protection Act and represents the level at which the plan is funded. Plans in the red zone are less than 65% funded, while plans in the green zone are at least 80% funded. Status is based on information received from the Multiemployer Pension Plans and is certified by a Multiemployer Pension Plan actuary.
(2)The “FIP/RP Status” column indicates Multiemployer Pension 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 2022 and 2021, is for the plans’ year-end December 31, 2021.
(3)A Multiemployer 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 such plan during the plan years ended December 31, 2021. At the date these financial statements were issued, Forms 5500 were not available for the Multiemployer Pension Plans for the year ended December 31, 2022.