Program Plan Reports
Annual Funding Notice for the Retirement Program Plan
The annual funding notice for the Retirement Program Plan for Employees of Certain Employers at the U.S. Department of Energy Facilities at Oak Ridge, Tennessee, includes important funding information about the pension plan. This notice also provides a summary of the plan’s investment policy and rules governing the benefit payments guaranteed by the Pension Benefit Guaranty Corporation (PBGC), a federal agency. This notice is for the plan year beginning January 1, 2011 and ending December 31, 2011. Review the cover letter (.pdf) and the complete funding notice (.pdf).
If you have questions about the notice or terms therein, try the Funding Notice Frequently Asked Questions or the Glossary.
Notice Regarding The Retirement Program Plan for Employees of Certain Employers at the U.S. Department of Energy Facilities at Oak Ridge, Tennessee
The employer sponsoring your pension plan has made an election permitted under Federal law to delay funding for the plan. The election applies to the plan year beginning on January 1, 2011 and ending on December 31, 2011.
Without the election, Federal law generally requires that any increase in the amount by which the plan is underfunded for a plan year is paid off over 7 years. However, the election allows the increase in the amount by which the plan is underfunded for this plan year to be paid off in smaller annual payments over 15 years.
If you have any questions, contact Babcock & Wilcox Technical Services Y-12, LLC at 1.865.574.1500 or 1.877.861.2255, or the principal administrative officer via email at benefits@y12.doe.gov.
Financial Information
Several financial reports are provided periodically to inform employees and retirees about the status of various programs. For more information, select one of the following.
Audited financial statements for the benefit plans supported by B&W Y-12, L.L.C. are also available by benefit plan, linked in the table below (PDF).
| Financial Statements, Supplemental Schedules, Auditors’ Report | |
|---|---|
| Y-12 Retirement Program | Dec. 31, 2010 and 2009 |
| Y-12 Savings Program | Dec. 31, 2010 and 2009 |
| Savings Program Summary Annual Report | Dec. 31, 2010 and 2009 |
| Group Welfare Benefit Plan | Dec. 31, 2010 and 2009 |
| Summary Annual Report for Group Welfare Benefit Plan | Dec. 31, 2010 and 2009 |
