- 10 -
agreement. However, no contributions were made by petitioner to
any of the CBA Plans during the relevant period that were not
required by any relevant collective bargaining agreement.
Petitioner, for public financial reporting purposes, accounted
for its monthly contributions to the CBA Plans attributable to
hours and weeks worked between February 3 and September 30, 1986
in its financial statements for its fiscal year immediately
succeeding its fiscal year ended February 2, 1986.
The taxable year of a contributing employer need not be the
same as the plan year of a CBA defined benefit pension plan to
which such employer contributes. Administrators of CBA Plans are
not required to know the taxable year adopted by contributing
employers. Under the terms of the collective bargaining
agreements, petitioner was not required to report to the plan
administrators the deduction amounts it claimed for
contributions.
At all times during the relevant periods, each of the CBA
Plans met the minimum funding requirement of section 412 and
ERISA section 302. In preparing its funding standard account
under section 412 for each plan year, no CBA Plan actuary took
into account contributions made by the contributing employers for
hours worked by covered employees following such plan year.
Under each of the CBA Plans for all relevant periods, the
earning, crediting, and vesting of a participant's benefit by the
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011