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UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
88
Certain plans have been aggregated in the “all other multiemployer pension plans” line in the following table, as the
contributions to each of these individual plans were not material.
EIN / Pension
Plan
Pension
Protection Act
Zone Status
FIP / RP Status
Pending /
(in millions)
UPS Contributions and
Accruals Surcharge
Pension Fund Number 2015 2014 Implemented 2015 2014 2013 Imposed
Alaska Teamster-Employer Pension Plan 92-6003463-024 Red Red Yes/Implemented $ 5 $ 5 $ 5 No
Automotive Industries Pension Plan 94-1133245-001 Red Red Yes/Implemented 4 5 4 No
Central Pennsylvania Teamsters Defined Benefit Plan 23-6262789-001 Green Green No 36 33 30 No
Eastern Shore Teamsters Pension Fund 52-0904953-001 Green Green No 4 4 4 No
Employer-Teamsters Local Nos. 175 & 505 Pension
Trust Fund 55-6021850-001 Red Red Yes/Implemented 11 10 9 No
Hagerstown Motor Carriers and Teamsters Pension Fund 52-6045424-001 Red Red Yes/Implemented 7 6 5 No
I.A.M. National Pension Fund / National Pension Plan 51-6031295-002 Green Green No 29 27 27 No
International Brotherhood of Teamsters Union Local
No. 710 Pension Fund 36-2377656-001 Green Green No 106 89 88 No
Local 705, International Brotherhood of Teamsters
Pension Plan 36-6492502-001 Red Red Yes/Implemented 91 69 68 No
Local 804 I.B.T. & Local 447 I.A.M.—UPS
Multiemployer Retirement Plan 51-6117726-001 Red Red Yes/Implemented 97 92 88 No
Milwaukee Drivers Pension Trust Fund 39-6045229-001 Green Green No 35 32 29 No
New England Teamsters & Trucking Industry Pension
Fund 04-6372430-001 Red Red Yes/Implemented 110 108 102 No
New York State Teamsters Conference Pension and
Retirement Fund 16-6063585-074 Red Red Yes/Implemented 86 81 72 No
Teamster Pension Fund of Philadelphia and Vicinity 23-1511735-001 Yellow Yellow Yes/Implemented 53 50 46 No
Teamsters Joint Council No. 83 of Virginia Pension Fund 54-6097996-001 Yellow Yellow Yes/Implemented 57 52 49 No
Teamsters Local 639—Employers Pension Trust 53-0237142-001 Green Green No 48 45 41 No
Teamsters Negotiated Pension Plan 43-6196083-001 Green Yellow No 30 27 26 No
Truck Drivers and Helpers Local Union No. 355
Retirement Pension Plan 52-6043608-001 Yellow Yellow Yes/Implemented 17 16 14 No
United Parcel Service, Inc.—Local 177, I.B.T.
Multiemployer Retirement Plan 13-1426500-419 Red Red Yes/Implemented 83 85 68 No
Western Conference of Teamsters Pension Plan 91-6145047-001 Green Green No 646 604 553 No
Western Pennsylvania Teamsters and Employers Pension
Fund 25-6029946-001 Red Red Yes/Implemented 26 24 23 No
All Other Multiemployer Pension Plans 42 53 45
Total Contributions $1,623 $1,517 $1,396
Agreement with the New England Teamsters and Trucking Industry Pension Fund
In 2012, we reached an agreement with the New England Teamsters and Trucking Industry Pension Fund ("NETTI Fund"), a
multiemployer pension plan in which UPS is a participant, to restructure the pension liabilities for approximately 10,200 UPS
employees represented by the Teamsters. As of December 31, 2015 and 2014, we had $872 and $878 million, respectively, recognized
in "other non-current liabilities" on our consolidated balance sheets representing the remaining balance of the NETTI Fund withdrawal
liability. Based on the borrowing rates currently available to the Company for long-term financing of a similar maturity, the fair value
of the NETTI Fund withdrawal liability as of December 31, 2015 and 2014 was $841 and $913 million. We utilized Level 2 inputs in
the fair value hierarchy of valuation techniques to determine the fair value of this liability.