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Multiemployer Pension Plans (Tables)
12 Months Ended
Dec. 31, 2013
Multiemployer Pension Plans [Abstract]  
Multiemployer Pension Plan Description and Contributions
The Company's participation in multiemployer pension plans for the annual period ended December 31, 2013 is outlined in the table below.
Pension Fund
 
Employer Identification Number
 
Pension Protection Act Zone Status1
 
FIP/RP Status Pending/Implemented in 20132
 
Contributions of the Company
 
Surcharge Imposed in 2013
 
Expiration Date of Collective-Bargaining Agreement
 
 
 
 
2013
 
2012
 
2011
 
 
 
 
 
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Steelworkers Pension Trust (USW)3
 
236648508
 
Green
 
Green
 
No
 
$
2.9

 
$
3.0

 
$
2.6

 
No
 
Mar 2014
-
Nov 2017
Other Funds4
 

 

 

 

 
0.9

 
0.9

 
1.0

 

 

 

 
 
 
 
 
 
 
 
 
 
$
3.8

 
$
3.9

 
$
3.6

 
 
 
 
 
 
________________    
1 
The most recent Pension Protection Act zone status available in 2013 and 2012 for the Steelworkers Pension Trust is for the plan's year-end at December 31, 2012 and December 31, 2011, respectively. The zone status is based on information that the Company received from the plan and is certified by the plan's actuary. Among other factors, plans in the green zone are at least 80 percent funded.
2 
The “FIP/RP Status Pending/Implemented” column indicates if a Financial Improvement Plan (FIP) or a Rehabilitation Plan (RP) is either pending or has been implemented for the plan under the Pension Protection Act.
3 
The Company is party to three USW collective-bargaining agreements that require contributions to the Steelworkers Pension Trust. Current USW collective bargaining agreements covering employees at the Newark, Ohio and Spokane (Trentwood), Washington facilities covers 89% of the Company's USW-represented employees and expires in September 2015. The Company's monthly contributions per hour worked by each bargaining unit employee at the Newark, Ohio and Spokane (Trentwood), Washington facilities are (in whole dollars) $1.25 and will increase to (in whole dollars) $1.50 in July 2015. The union contracts covering employees at the Richmond (Bellwood), Virginia facility and Florence, Alabama facility cover 7% and 4% of the Company's USW-represented employees, respectively, and expire in November 2017 and March 2014, respectively.
4 
Other Funds consists of plans that are not individually significant.