CHS 2013 Annual Report Download - page 50

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Our participation in the Co-op Plan for the years ended August 31, 2013, 2012, and 2011 is outlined in the table below:
(DOLLARS IN THOUSANDS) CONTRIBUTIONS OF CHS SURCHARGE EXPIRATION DATE OF COLLECTIVE
PLAN NAME EIN/PLAN NUMBER 2013 2012 2011 IMPOSED BARGAINING AGREEMENT
Co-op Retirement Plan 01-0689331/001 $ 2,095 $ 1,885 $ 1,279 N/A N/A
Our contributions for the years stated above did not accumulated benefit obligations and plan assets are not
represent more than 5% of total contributions to the determined or allocated separately by individual
Co-op Plan as indicated in the Co-op Plan’s most employer. The most recent financial statements avail-
recently available annual report (Form 5500). Acquisi- able in 2013 and 2012 are for the Co-op Plan’s year-end
tions during the years ended August 31, 2012 and 2011 at March 31, 2012 and 2011, respectively. In total, the
increased the number of CHS covered participants in Co-op Plan was at least 80% funded on those dates
the Co-op Plan by approximately 70%, affecting the based on the total plan assets and accumulated benefit
period-to-period comparability of the contributions for obligations.
the years ending August 31, 2012 and 2011.
Because the provisions of the PPA do not apply to the
The Pension Protection Act (PPA) of 2006 does not Co-op Plan, funding improvement plans and surcharges
apply to the Co-op Plan because it is covered and are not applicable. Future contribution requirements are
defined as a single-employer plan. There is a special determined each year as part of the actuarial valuation
exemption for cooperative plans defining them under of the plan and may change as a result of plan
the single-employer plan as long as the plan is main- experience.
tained by more than one employer and at least 85% of
the employers are rural cooperatives or cooperative In addition to the contributions to the Co-op Plan listed
organizations owned by agricultural producers. In the above, total contributions to individually insignificant
Co-op Plan, a ‘‘zone status’’ determination is not multi-employer pension plans were immaterial in fiscal
required, and therefore not determined. In addition, the years 2013, 2012 and 2011.
CHS 2013 55