CHS 2014 Annual Report Download - page 53

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Our participation in the Co-op Plan for the years ended August 31, 2014, 2013, and 2012 is outlined in the table below:
(DOLLARS IN THOUSANDS) CONTRIBUTIONS OF CHS SURCHARGE EXPIRATION DATE OF COLLECTIVE
PLAN NAME EIN/PLAN NUMBER 2014 2013 2012 IMPOSED BARGAINING AGREEMENT
Co-op Retirement Plan 01-0689331/001 $ 2,079 $ 2,095 $ 1,885 N/A N/A
Our contributions for the years stated above did not Co-op Plan’s year-end at March 31, 2013 and 2012, respec-
represent more than 5% of total contributions to the tively. In total, the Co-op Plan was at least 80% funded on
Co-op Plan as indicated in the Co-op Plan’s most those dates based on the total plan assets and accumu-
recently available annual report (Form 5500). lated benefit obligations.
The Pension Protection Act of 2006 (PPA) does not Because the provisions of the PPA do not apply to the
apply to the Co-op Plan because it is covered and defined Co-op Plan, funding improvement plans and surcharges
as a single-employer plan. There is a special exemption are not applicable. Future contribution requirements are
for cooperative plans defining them under the single- determined each year as part of the actuarial valuation
employer plan as long as the plan is maintained by more of the plan and may change as a result of plan
than one employer and at least 85% of the employers are experience.
rural cooperatives or cooperative organizations owned
by agricultural producers. In the Co-op Plan, a ‘‘zone In addition to the contributions to the Co-op Plan listed
status’’ determination is not required, and therefore not above, total contributions to individually insignificant
determined. In addition, the accumulated benefit obliga- multi-employer pension plans were immaterial in fiscal
tions and plan assets are not determined or allocated 2014, 2013 and 2012.
separately by individual employer. The most recent finan-
cial statements available in 2014 and 2013 are for the
CHS 2014 51