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Annual report pursuant to Section 13 and 15(d)

PENSIONS AND OTHER POSTRETIREMENT BENEFITS PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Annual Contributions) (Tables)

v2.4.0.8
PENSIONS AND OTHER POSTRETIREMENT BENEFITS PENSION AND OTHER POSTRETIREMENT BENEFITS (Schedule of Annual Contributions) (Tables)
12 Months Ended
Dec. 31, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] Ìý
Schedule Of Annual Contributions [Table Text Block]
Ìý
Ìý
(In Millions)
Ìý
Ìý
Pension
Benefits
Ìý
Other Benefits
Company Contributions
Ìý
VEBA
Ìý
Direct
Payments
Ìý
Total
2012
Ìý
$
67.7

Ìý
$
17.4

Ìý
$
21.6

Ìý
$
39.0

2013
Ìý
53.7

Ìý
14.6

Ìý
10.9

Ìý
25.5

2014 (Expected)*
Ìý
68.2

Ìý
—

Ìý
7.9

Ìý
7.9

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*
Pursuant to the bargaining agreement, benefits can be paid from VEBA trusts that are at least 70 percent funded (all VEBA trusts are 70 percent funded at DecemberÌý31, 2013). Funding obligations are suspended when Hibbing's, UTAC's, Tilden's and Empire's share of the value of their respective trust assets reaches 90 percent of their obligation.