Albertsons 2014 Annual Report Download - page 104

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Expense is recognized in connection with these plans as contributions are funded, in accordance with U.S.
generally accepted accounting standards. The Company contributed $39, $38 and $38 to these plans for fiscal
years 2014, 2013 and 2012, respectively. The risks of participating in these multiemployer plans are different
from the risks associated with single-employer plans in the following respects:
a. Assets contributed to the multiemployer plan by one employer are held in trust and may be used to
provide benefits to employees of other participating employers.
b. If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be
borne by the remaining participating employers.
c. If the Company chooses to stop participating in some multiemployer plans, or makes market exits or
store closures or otherwise has participation in the plan drop below certain levels, the Company may be
required to pay those plans an amount based on the underfunded status of the plan, referred to as a
withdrawal liability.
The Company’s participation in these plans is outlined in the table below. The EIN-Pension Plan Number column
provides the Employer Identification Number (“EIN”) and the three-digit plan number, if applicable. Unless
otherwise noted, the most recent Pension Protection Act zone status (“PPA”) available in 2014 and 2013 relates
to the plans’ two most recent fiscal year-ends. The zone status is based on information that the Company
received from the plan and is certified by each plan’s actuary. Among other factors, red zone status plans are
generally less than 65 percent funded and are considered in critical status, plans in yellow zone or orange zone
status are less than 80 percent funded and are considered in endangered or seriously endangered status, and green
zone plans are at least 80 percent funded. The FIP/RP Status Pending/Implemented column indicates plans for
which a funding improvement plan (“FIP”) or a rehabilitation plan (“RP”) is either pending or has been
implemented by the trustees of each plan.
Certain plans have been aggregated in the All Other Multiemployer Pension Plans line in the following table, as
the contributions to each of these plans are not individually material. None of the Company’s collective
bargaining agreements require that a minimum contribution be made to these plans. Multiemployer pension plan
contributions and participants were predominately comparable for fiscal 2014, 2013 and 2012.
At the date the financial statements were issued, Forms 5500 were generally not available for the plan years
ending in 2013.
102