Waste Management 2014 Annual Report Download - page 185

WASTE MANAGEMENT, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
bargaining agreements that provide for participation in that plan. Further, qualifying Canadian employees
participate in defined benefit plans sponsored by certain of our Canadian subsidiaries. As of December 31, 2014,
the combined benefit obligation of these pension plans was $121 million, and the plans had $90 million of plan
assets, resulting in an unfunded benefit obligation for these plans of $31 million.
In addition, WM Holdings and certain of its subsidiaries provided post-retirement health care and other
benefits to eligible retirees. In conjunction with our acquisition of WM Holdings in July 1998, we limited
participation in these plans to participating retirees as of December 31, 1998. The unfunded benefit obligation for
these plans was $33 million at December 31, 2014.
Our accrued benefit liabilities for our defined benefit pension and other post-retirement plans are $64
million as of December 31, 2014 and are included as components of “Accrued liabilities” and long-term “Other
liabilities” in our Consolidated Balance Sheet.
Multiemployer Defined Benefit Pension Plans — We are a participating employer in a number of trustee-
managed multiemployer, defined benefit pension plans for employees who are covered by collective bargaining
agreements. The risks of participating in these multiemployer plans are different from single-employer plans in that
(i) assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees or
former employees of other participating employers; (ii) if a participating employer stops contributing to the plan, the
unfunded obligations of the plan may be required to be assumed by the remaining participating employers and
(iii) if we choose to stop participating in any of our multiemployer plans, we may be required to pay those plans a
withdrawal amount based on the underfunded status of the plan. The following table outlines our participation in
multiemployer plans considered to be individually significant (dollar amounts in millions):
EIN/Pension Plan
Number
Pension Protection Act
Reported Status(a) FIP/RP
Status(b),(c)
Company
Contributions(d)
Expiration Date
of Collective
Bargaining
Agreement(s)Pension Fund 2014 2013 2014 2013 2012
Automotive Industries Pension Plan EIN: 94-1133245;
Plan Number: 001 Critical Critical Implemented $ 1 $ 1 $ 1 Various dates through
6/30/2018
Central States, Southeast and Southwest
Areas Pension Plan EIN: 36-6044243; Plan Number: 001 Critical Critical Implemented 1 — — (e)
Local 731 Private Scavengers and Garage
Attendants Pension Trust Fund EIN: 36-6513567; Plan Number: 001 Endangered as of
9/30/2013
Endangered
as of
9/30/2012
Implemented 6 6 5 9/30/2018
Suburban Teamsters of Northern Illinois
Pension Plan EIN: 36-6155778; Plan Number: 001 Critical Critical Implemented 3 2 2 Various dates through
9/30/2017
Teamsters Employers Local 945 Pension
Fund EIN: 22-6196388; Plan Number: 001 Critical Critical Implemented — — — Various dates through
12/31/2015
Teamsters Local 301 Pension Plan EIN: 36-6492992;
Plan Number: 001 Not Endangered
or Critical
Not
Endangered
or Critical
Not
Applicable 1 1 1 9/30/2018
Western Conference of Teamsters Pension
Plan EIN: 91-6145047; Plan Number: 001 Not Endangered
or Critical
Not
Endangered
or Critical
Not
Applicable 24 22 22 Various dates through
12/31/2019
Western Pennsylvania Teamsters EIN: 25-6029946; Critical Critical Implemented 1 1 1 12/31/2016
and Employers Pension Plan Plan Number: 001 $37$33$32
Contributions to other multiemployer
pension plans 777
Total contributions to multiemployer
pension plans $44$40$39
108