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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2015
EMPLOYEE BENEFIT PLANS  
Summary of plan information relating to participation in multiemployer pension plans

        Certain plans have been aggregated in the "All Others" line in the following table, as the contributions to each of these individual plans are not material.

                                                                                                                                                                                    

 

 

 

 

Pension
Protection Act
Zone Status

 

 

 

($ in thousands)
Contributions by
Global Power

 

 

 

Expiration
Date of
Collective
Bargaining
Agreement

 

 

 

 

 

 

Rehab Plan
status
Pending/
Implemented

 

 

 

 

 

 

EIN/Pension
Plan Number

 

Surcharge
Imposed

 

 

Pension Fund

 

2015

 

2014

 

2015

 

2014

 

2013

 

Notes

AFL-AGC Building Trades Pension Fund

 

63-6055108

 

Green

 

Green

 

No

 

 

224 

 

 

135 

 

 

215 

 

No

 

Varies through 07/31/20

 

2

Asbestos Workers Local No. 55 Pension Fund (1)

 

63-0474674

 

Green

 

Yellow

 

No

 

 

125 

 

 

96 

 

 

242 

 

No

 

Varies through 07/31/20

 

2

Boilermaker-Blacksmith National Pension Trust

 

48-6168020

 

Yellow

 

Yellow

 

Implemented

 

 

2,729 

 

 

3,227 

 

 

1,824 

 

No

 

Multiple Agreements

 

1,5

Bricklayers and Allied Craftworkers Local #2 Albany, NY Pension Fund

 

14-6075802

 

Green

 

Green

 

No

 

 

 

 

 

 

 

No

 

08/17/16—Automatic Renewal

 

1

Carpenters Pension Trust Fund—Detroit & Vicinity

 

38-6242188

 

Red

 

Red

 

Implemented

 

 

 

 

13 

 

 

17 

 

No

 

 

 

11

Central New York Laborers Pension Fund

 

15-6016579

 

Red

 

Red

 

Implemented

 

 

 

 

224 

 

 

 

No

 

08/17/16—Automatic Renewal

 

1

Central New York Painters & Allied Trades Pension Fund

 

51-6079700

 

Red

 

Red

 

Implemented

 

 

 

 

14 

 

 

14 

 

No

 

08/17/16—Automatic Renewal

 

1

Central Pension Fund of the IUOE and Participating Employers

 

36-6052390

 

Green

 

Green

 

No

 

 

253 

 

 

378 

 

 

326 

 

No

 

Multiple Agreements

 

5

Central States, Southeast, and Southwest Pension Fund

 

36-6044243

 

Critical & Declining

 

Red

 

Implemented

 

 

252 

 

 

248 

 

 

226 

 

No

 

Multiple Agreements

 

5

Chicago Painters & Decorators Pension Fund

 

51-6030238

 

Green

 

Green

 

No

 

 

 

 

 

 

46 

 

No

 

10/02/16—Automatic Renewal

 

7

Empire State Carpenters Pension Plan

 

11-1991772

 

Green

 

Green

 

No

 

 

 

 

158 

 

 

 

No

 

08/17/16—Automatic Renewal

 

1

Excavators Union Local 731 Pension Fund

 

13-1809825

 

Green

 

Green

 

No

 

 

217 

 

 

210 

 

 

226 

 

No

 

06/30/16

 

10

IBEW Local 1579 Pension Plan (1)

 

58-1254974

 

Green

 

Green

 

No

 

 

700 

 

 

710 

 

 

470 

 

No

 

Varies through 07/31/20

 

2

IBEW Local 43 & Electrical Contractors Pension

 

16-6153389

 

Yellow

 

Yellow

 

Implemented

 

 

 

 

61 

 

 

 

No

 

08/17/16—Automatic Renewal

 

1

IBEW Local Union No. 1392 Pension Fund

 

35-6244875

 

Green

 

Green

 

No

 

 

 

 

 

 

 

No

 

 

 

6

Insulators Local No. 96 Pension Plan (1)

 

58-6110889

 

Yellow

 

Yellow

 

Implemented

 

 

170 

 

 

258 

 

 

180 

 

No

 

Varies through 07/31/20

 

2

Iron Workers District Council of Tennessee Valley & Vicinity Pension Plan

 

62-6098036

 

Green

 

Green

 

No

 

 

261 

 

 

93 

 

 

101 

 

No

 

11/30/16—Automatic Renewal

 

3

Iron Workers Local No. 16 Pension Fund

 

52-6148924

 

Critical & Declining

 

Red

 

Implemented

 

 

 

 

 

 

21 

 

No

 

10/02/16—Automatic Renewal

 

3

                                                                                                                                                                                    

 

 

 

 

Pension
Protection Act
Zone Status

 

 

 

($ in thousands)
Contributions by
Global Power

 

 

 

Expiration
Date of
Collective
Bargaining
Agreement

 

 

 

 

 

 

Rehab Plan
status
Pending/
Implemented

 

 

 

 

 

 

EIN/Pension
Plan
Number

 

Surcharge
Imposed

 

 

Pension Fund

 

2015

 

2014

 

2015

 

2014

 

2013

 

Notes

IUPAT Industry Pension Plan

 

52-6073909

 

Yellow

 

Yellow

 

Implemented

 

 

1,550 

 

 

1,438 

 

 

1,855 

 

No

 

Multiple Agreements

 

5

Laborers National Pension Fund

 

75-1280827

 

Green

 

Green

 

No

 

 

1,025 

 

 

1,292 

 

 

1,404 

 

No

 

Multiple Agreements

 

5

Local 73 Retirement Fund

 

15-6016577

 

Red

 

Red

 

Implemented

 

 

 

 

276 

 

 

 

No

 

08/17/16—Automatic Renewal

 

1

National Asbestos Workers Pension Plan

 

52-6038497

 

Red

 

Red

 

Implemented

 

 

2,065 

 

 

1,438 

 

 

793 

 

No

 

Multiple Agreements

 

5

National Electrical Benefits Fund

 

53-0181657

 

Green

 

Green

 

No

 

 

945 

 

 

477 

 

 

461 

 

No

 

Multiple Agreements

 

5

New York State Teamsters Conference Pension & Retirement Fund

 

16-6063585

 

Red

 

Red

 

Implemented

 

 

 

 

18 

 

 

 

No

 

08/17/16—Automatic Renewal

 

1

Northwest Sheet Metal Workers Pension Trust

 

91-6061344

 

Green

 

Green

 

No

 

 

104 

 

 

30 

 

 

93 

 

No

 

11/01/16—Automatic Renewal

 

4

Plumbers & Pipefitters National Pension Fund

 

52-6152779

 

Yellow

 

Yellow

 

Implemented

 

 

866 

 

 

609 

 

 

834 

 

No

 

Multiple Agreements

 

5

Plumbers & Steamfitters Local No. 150 Pension Fund

 

58-6116699

 

Green

 

Yellow

 

No

 

 

168 

 

 

415 

 

 

221 

 

No

 

Varies through 07/31/20

 

2

Plumbers & Steamfitters Local Union No. 43 Pension Fund

 

62-6101288

 

Green

 

Green

 

No

 

 

861 

 

 

251 

 

 

177 

 

No

 

11/30/16—Automatic Renewal

 

3

Sheet Metal Workers Local No. 177 Pension Fund

 

62-6093256

 

Green

 

Green

 

No

 

 

91 

 

 

69 

 

 

37 

 

No

 

11/30/16—Automatic Renewal

 

5

Sheet Metal Workers' National Pension Fund

 

52-6112463

 

Yellow

 

Yellow

 

Implemented

 

 

540 

 

 

423 

 

 

511 

 

No

 

Multiple Agreements

 

5

Southern Ironworkers Pension Plan

 

59-6227091

 

Green

 

Green

 

No

 

 

211 

 

 

244 

 

 

187 

 

No

 

Varies through 07/31/20

 

2

Tri-State Carpenters & Joiners Pension Trust Fund

 

62-0976048

 

Yellow

 

Red

 

Implemented

 

 

1,236 

 

 

1,146 

 

 

1,065 

 

No

 

11/30/16—Automatic Renewal

 

3

Pipe Trades Services of MN Pension Plan

 

41-6131800

 

Green

 

Green

 

No

 

 

153 

 

 

 

 

 

No

 

08/01/16—Automatic Renewal

 

8

Upstate New York Engineers Benefit Funds

 

15-0614642

 

Red

 

Red

 

Implemented

 

 

 

 

26 

 

 

 

No

 

08/17/16—Automatic Renewal

 

1

Washington State Plumbing & Pipefitting Industry Pension Plan

 

91-6029141

 

Green

 

Green

 

No

 

 

251 

 

 

33 

 

 

107 

 

No

 

11/01/16—Automatic Renewal

 

4

Washington-Idaho Laborers-Employers Pension Trust

 

91-6123988

 

Green

 

Green

 

No

 

 

204 

 

 

41 

 

 

184 

 

No

 

11/01/16—Automatic Renewal

 

4

Washington-Idaho-Montana Carpenters-Employers Retirement Fund

 

91-6123987

 

Yellow

 

Yellow

 

Implemented

 

 

524 

 

 

99 

 

 

557 

 

No

 

11/01/16—Automatic Renewal

 

4

Western States Insulators and Allied Workers Pension

 

51-0155190

 

Green

 

Green

 

No

 

 

143 

 

 

26 

 

 

112 

 

No

 

11/01/16—Automatic Renewal

 

4

All Others

 

 

 

 

 

 

 

 

 

 

534 

 

 

291 

 

 

786 

 

N/A

 

 

 

 

​  

​  

​  

​  

​  

​  

 

 

 

 

 

 

 

 

 

 

$

16,419 

 

$

14,478 

 

$

13,298 

 

 

 

 

 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  


 

 

 

(1)          

We were listed in the multiemployer plan's Form 5500 as providing more than 5% of total contributions for the plan year ended in 2015.

(2)          

Defined Benefit Plans for Unions employed through the Southern Company Power House Maintenance Agreement. The Southern Company PHMA expires 07/31/2020. The individual Union CBA range from 1 to 3 years in duration.

(3)          

Defined Benefit Plans for Unions employed through the TVA PMMA and Other Agreements. The TVA Labor Agreements are annual agreements that automatically renew each year.

(4)          

Defined Benefit Plans for Unions employed through the GPPMA agreement for Columbia Generating Station. The GPPMA Agreements are annual agreements that automatically renew each year.

(5)          

Regional and National Defined Benefit Funds for multiple unions employed under different labor agreements.

(6)          

IBEW Local 1392 Pension is listed because Koontz-Wagner is responsible for more that 5.00% of the Funds payments. WPS / WSS do not employ members of Local 1392.

(7)          

The reduction in Pension contributions for the Chicago Painters & Decorators Pension is a result of the loss of the Exelon Nuclear contract that included the Braidwood and Dresden Nuclear Plants.

(8)          

Defined Benefit Plan for Union employed at Monticello Nuclear Plant through the Excel Contract.

(9)          

Defined Benefit Plan for Union employed under GPPMA agreement at Peach Bottom Nuclear Plant.

(10)          

Defined Benefit Plan for Union employed at Con Ed sites.

(11)          

Defined Benefit Plan for Individual working outside of plan jurisdiction.

(12)          

We did not pay a surcharge for any fund last year that was in Critical Status and had not negotiated a preferred schedule. We do pay a surcharge/assessment on some funds under the CBA preferred schedule.