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Multiemployer Pension Plans (Tables)
12 Months Ended
Dec. 31, 2014
Multiemployer Plans [Abstract]  
Multiemployer Pension Plan Description and Contributions
The Company's participation in multiemployer pension plans for the year ended December 31, 2014 is outlined in the table below:
Pension Fund
 
Employer Identification Number
 
Pension Protection Act Zone Status1
 
FIP/RP Status Pending/Implemented in 20142
 
Contributions of the Company
 
Surcharge Imposed in 2014
 
Expiration Date of Collective-Bargaining Agreement
 
 
 
 
2014
 
2013
 
2012
 
 
 
 
 
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Steelworkers Pension Trust (USW)3
 
236648508
 
Green
 
Green
 
No
 
$
3.1

 
$
2.9

 
$
3.0

 
No
 
Sep 2015
-
Nov 2017
Other Funds4
 

 

 

 

 
0.9

 
0.9

 
0.9

 

 

 

 
 
 
 
 
 
 
 
 
 
$
4.0

 
$
3.8

 
$
3.9

 
 
 
 
 
 
________________    
1 
The most recent Pension Protection Act zone status available in 2014 and 2013 for the Steelworkers Pension Trust is for the plan's year-end at December 31, 2013 and December 31, 2012, 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. As of December 31, 2014, USW collective bargaining agreements covering employees at the Newark, Ohio ("Newark") and Spokane, Washington ("Trentwood") facilities covers 86% of the Company's USW-represented employees and expires in September 2015. In January 2015, the Company and the USW entered into a new five-year labor agreement relating to these facilities, effective October 1, 2015 through September 30, 2020. The Company's monthly contributions per hour worked by each bargaining unit employee at the Newark and Trentwood facilities are (in whole dollars) $1.25 and will increase to (in whole dollars) $1.50 in July 2015 and $1.75 in 2019. The union contracts covering employees at the Richmond (Bellwood), Virginia facility and Florence, Alabama facility cover 9% and 5% of the Company's USW-represented employees, respectively, and expire in November 2017 and March 2017, respectively.
4 
Other Funds consists of plans that are not individually significant.