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Multiemployer Employee Benefit Plans (Tables)
12 Months Ended
Jun. 30, 2012
Multiemployer Employee Benefit Plans [Abstract]  
Multiemployer defined benefit pension plan contributions table

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2012

 

2011

 

2010

(53 Weeks)

 

 

 

(In thousands)

Individually significant plans

 

$

 63,718

 

$

 30,180

 

$

 47,483

All other plans

 

 

 4,390

 

 

 3,835

 

 

 4,216

Total contributions

 

$

 68,108

 

$

 34,015

 

$

 51,699

Multiemployer individually significant plans statistics table

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension Protection Act
Zone Status

 

 

 

 

 

 

Pension Fund

 

EIN-PN

 

As of
12/31/12

 

As of
12/31/11

 

FIP/RP
Status

 

Surcharge
Imposed

 

Expiration
Date(s)
of CBA(s)

Western Conference of Teamsters Pension Plan (1)

 

91-6145047-001

 

Green

 

Green

 

N/A

 

N/A

 

9/1/12 to
10/31/16 (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

Central States, Southeast and
Southwest Areas Pension Fund

 

36-6044243-001

 

Red

 

Red

 

Implemented

 

No

 

3/2/13

 

 

 

 

 

 

 

 

 

 

 

 

 

Teamsters Pension Trust Fund of
Philadelphia and Vicinity (2)

 

23-1511735-001

 

Yellow

 

Yellow

 

Pending

 

N/A

 

7/19/13 to
7/31/16 (6)

 

 

 

 

 

 

 

 

 

 

 

 

 

New York State Teamsters Conference Pension and Retirement Fund

 

16-6063585-074

 

Red

 

Red

 

Pending

 

No

 

4/30/14

 

 

 

 

 

 

 

 

 

 

 

 

 

Truck Drivers and Helpers Local
Union No. 355 Retirement Pension Fund (3)

 

52-6043608-001

 

Yellow

 

Yellow

 

Pending

 

N/A

 

3/1/15

 

 

 

 

 

 

 

 

 

 

 

 

 

Cleveland Bakers and Teamsters
Pension Fund (4)

 

34-0904419-001

 

Red

 

Red

 

Implemented

 

Yes

 

6/30/17

 

 

 

 

 

 

 

 

 

 

 

 

 

Minneapolis Food Distributing
Industry Pension Plan (1)

 

41-6047047-001

 

Yellow

 

Yellow

 

Implemented

 

N/A

 

8/10/13

 

 

(1)    This plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.  There were no changes to the plan’s zone status as of December 31, 2011 as a result of this election.

 

(2)    This plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.   Absent this election, the plan’s zone status under the Pension Protection Act would have been orange as of December 31, 2011.

 

(3)    This plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.   Absent this election, the plan’s zone status under the Pension Protection Act would have been red as of December 31, 2011.

 

(4)    In June 2012, the union members of one of the company’s subsidiaries voted to withdraw from this plan and join Sysco’s company-sponsored Retirement Plan.  This action triggered a withdrawal from the multiemployer pension plan.  As such, the company is no longer making regular contributions to this plan effective with the newly effective CBA beginning in fiscal 2013.  In addition, this plan has elected to utilize special amortization provisions provided under the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010.  There were no changes to the plan’s zone status as of December 31, 2011 as a result of this election.

 

(5)    Sysco is party to 22 CBAs that require contributions to the Western Conference of Teamsters Pension Trust.  Each agreement covers anywhere from 1% to 12% of the total contributions Sysco is required to pay the fund.

 

(6)    Sysco is party to three CBAs that require contributions to the Teamsters Pension Trust Fund of Philadelphia and Vicinity.  One agreement expires July 19, 2013 and covers approximately 50% of the total contributions Sysco is required to pay the fund.  The remaining two agreements expire July 31, 2016 and cover the remaining 50% of the total contributions Sysco is required to pay the fund.

Multiemployer individually significant plans contributions table

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sysco Contributions

 

Sysco 5% of
Total Plan Contributions

Pension Fund

 

2012

 

2011

 

2010
(53 Weeks)

 

Year Ending 12/31/10

 

Year Ending 12/31/09

 

 

 

(In thousands)

 

 

 

 

Western Conference of Teamsters Pension Plan

 

$

 19,829

 

$

 19,490

 

$

 19,051

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Central States, Southeast and
Southwest Areas Pension Fund

 

 

 33,032

 

 

 1,835

 

 

 19,795

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Teamsters Pension Trust Fund of
Philadelphia and Vicinity

 

 

 2,227

 

 

 2,009

 

 

 1,922

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

New York State Teamsters Conference Pension and Retirement Fund

 

 

 1,395

 

 

 1,366

 

 

 1,449

 

No

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Truck Drivers and Helpers Local
Union No. 355 Retirement Pension
Fund

 

 

 1,490

 

 

 1,358

 

 

 1,397

 

Yes

 

Yes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cleveland Bakers and Teamsters
Pension Fund

 

 

 1,189

 

 

 1,149

 

 

 1,027

 

Yes

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minneapolis Food Distributing
Industry Pension Plan

 

 

 4,556

 

 

 2,973

 

 

 2,842

 

Yes

 

Yes