AFTRA Retirement Fund information
  to be reported by employers (FASB)

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In September 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2011-09, which revised the accounting disclosures required of employers participating in multiemployer pension plans.

The purpose of this page is to assist employers contributing to the AFTRA Retirement Fund (the “Plan”) by providing certain information about the Fund that may be necessary for your company to comply with the new FASB reporting requirements.

The relevant information is as follows:

Legal name of the Plan
AFTRA Retirement Plan

Employer Identification Number of the Plan
13-6414972

Plan Number
001

Zone status
The Plan was certified to be in the Pension Protection Act “Green Zone” (neither critical nor endangered) each year for the Plan Year beginning December 1, 2011 through the Plan Year beginning December 1, 2016. The most recently certified zone status relates to the Plan Year ending as of November 30, 2017. Accordingly, no funding improvement plan or rehabilitation plan (as those terms are defined in the Pension Protection Act and the Employee Retirement Income Security Act of 1974) has been implemented or is pending. In addition, no employer has been required to pay a surcharge to the Plan.

Utilization of extended amortization provisions
Pursuant to the Pension Relief Act, the Plan elected to extend the amortization period for 2008 net investment losses and to smooth the net investment losses over 10 years in the actuarial value of assets.

Five percent contributors

In its Form 5500 reporting for the Plan Year ended November 30, 2015, the Plan listed National Broadcasting Co. as having contributed more than 5% of the Plan’s total contributions. For the Plan Year ended November 30, 2014, the Plan listed National Broadcasting Co; CBS Broadcasting, Inc. and Bonanza Productions Inc.as having contributed more than 5% of the Plan’s total contributions. Further, for the Plan Year ended November 30, 2013 the Plan listed ABC, NBC and CBS Broadcasting, Inc. as having contributed more than 5% of the Plan’s total contributions.The total contributions to the Plan were $115,866,458 for the Plan Year ended November 30, 2015, $158,608,044 for the Plan Year ended November 30, 2014 and $131,333,394 for the Plan Year ended November 30, 2013.

The Form 5500 for the Plan Year ended November 30, 2014 was filed on time and is available.

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Please note that the AFTRA Retirement Fund has provided this information as a courtesy to contributing employers. The Plan is not, however, providing tax or accounting advice. In addition, the information above represents only a portion of the information required in accounting disclosures. Employers are encouraged to contact their tax and financial advisors regarding the scope, effective date and content of the reporting obligation as it applies to them.


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