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Multiemployer Pension Plans (Tables)
 12 Months Ended
Dec. 31, 2020
Compensation And Retirement Disclosure [Abstract]  
Multiemployer Pension Plan Description and Contributions

The following table presents information about multiemployer pension plans in which we participate:

 

 

 

 

Pension

 

FIP/RP Status

 

Contributions of

 

 

 

 

 

 

 

 

 

Employer

 

Protection Act

 

Pending/

 

the Company

 

 

Surcharge

 

Expiration Date

 

 

Identification

 

Zone Status1

 

Implemented

 

Year Ended December 31,

 

 

Imposed

 

of Collective-

Pension Fund

 

Number

 

2020

 

2019

 

in 20202

 

2020

 

 

2019

 

 

2018

 

 

in 2020

 

Bargaining Agreements

 

 

 

 

 

 

 

 

 

 

(in millions of dollars)

 

 

 

 

 

 

 

Steelworkers Pension

   Trust (USW)3

 

23-6648508

 

Green

 

Green

 

No

 

$

3.8

 

 

$

3.8

 

 

$

3.6

 

 

No

 

Mar 2021 - Sep 2025

Other Funds4

 

 

 

 

 

 

 

 

 

 

1.1

 

 

 

1.2

 

 

 

1.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

4.9

 

 

$

5.0

 

 

$

4.7

 

 

 

 

 

 

 

 

1.

The most recent Pension Protection Act zone status available in 2020 and 2019 for the Steelworkers Pension Trust is for the plan’s year end at December 31, 2019 and December 31, 2018, respectively. The zone status is based on information that we received from the plan and is certified by the plan’s actuary. Among other factors, plans in the green zone are at least 80% 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.

We are party to three collective bargaining agreements with the United Steel, Paper and Forestry, Rubber, Manufacturing, Energy, Allied Industrial and Service Workers International Union, AFL-CIO, CLC (“USW”) that require contributions to the Steelworkers Pension Trust. As of December 31, 2020, USW collective bargaining agreements covering employees at our Newark, Ohio (“Newark”) and Spokane, Washington (“Trentwood”) facilities covered 85% of our USW-represented employees and expire in September 2025. Our monthly contributions per hour worked by each bargaining unit employee at our Newark and Trentwood facilities were (in whole dollars) $1.75 in 2020. The union contracts covering employees at our Richmond, Virginia facility and Florence, Alabama facility cover 12% and 3% of our USW-represented employees, respectively, and expire in November 2021 and March 2021, respectively.

4.

Other Funds consists of plans that are not individually significant.