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Other Retirement Plans
 12 Months Ended
Sep. 25, 2022
Retirement Benefits [Abstract]  
Other Retirement Plans OTHER RETIREMENT PLANS
Substantially all of our employees are eligible to participate in a qualified defined contribution retirement plan. We also have a non-qualified plan for employees whose incomes exceed qualified plan limits.
The defined contribution retirement plan costs were $3,565,000 in 2022, $3,403,000 in 2021 and $2,666,000 in 2020.
Multiemployer Pension Plans
We contributed to various multiemployer defined benefit pension plans under the terms of collective bargaining agreements ("CBAs"). The risks of participating in these multiemployer plans are different from our company-sponsored plans in the following aspects:
•We do not manage the plan investments or any other aspect of plan administration;
•Assets contributed to the multiemployer plan by one employer may be used to provide benefits to employees of other participating employers;
•If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers; and
•If we choose to stop participating in one or more multiemployer plans, we may be required to fund over time an amount based on the unfunded status of the plan at the time of withdrawal, referred to as a "withdrawal liability".
Information related to these plans is outlined in the table below:
(Thousands of Dollars)Zone Status
September 30		Funding Improvement
Plan/Rehabilitation Plan
Status		Contributions
Pension Plan20222021Status202220212020Surcharge ImposedEINExpiration Dates of
CBAs
GCIU- Employer Retirement FundCriticalRedImplemented—1087No91-6024903N/A (1)
District No. 9, International Association of Machinists and Aerospace Workers Pension TrustEndangeredRedImplemented—1531N/A51-0138317N/A (1)
CWA/ITU negotiated Pension PlanCriticalRedImplemented—81456No13-6212879N/A (1)
IAM National Pension FundGreenRedN/A576786N/A51-60312951/1/2024
Operating Engineers Central Pension Fund of the International Union of Operating Engineers and Participating Employers(2)
GreenGreenN/A504952N/A36-60523902/28/2023
11/1/2023
(1)The Company has withdrawn from the multi-employer plans
(2)We are subject to two different CBA's under the multi-employer plan.
The Company has effectuated withdrawals from several multiemployer plans. We record estimates of withdrawal liabilities as of the time the contracts agreeing to withdraw from those plans are ratified. As of September 25, 2022 and September 26, 2021, we had $24,995,000 and $23,471,000 of accrued withdrawal liabilities. The liabilities reflect the estimated net present value of payments to the fund, payable over 20 years.
Several multiemployer plans have CBAs that expire in the next twelve months. It is reasonably possible that if the Company is unable to renegotiate these agreements employees could go on strike which could disrupt the normal operations of the Company. Of our employees in CBA's, approximately 55% have CBA's that expire in the next 12 months.