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## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

December 31, 2011, 2010 and 2009 (currencies in millions) 

Information for all plans with accumulated benefit obligation in excess of plan assets is as follows: 

<img src='content_image/232337.jpg'>

The components of pension expense are as follows: 

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Multi-employer Plans : The Company participates in multi-employer plans in the U.S. and Europe. These are typically under collective bargaining agreements and cover its union-represented employees. The Company’s participation in the following multi-employer plans for the years ended December 31 follows: 

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The Company contributions shown in the table above approximates the multi-employer pension expense for each of the years ended December 31, 2011, 2010 and 2009, respectively. 

Metal and Electrical Engineering Industry Pension Fund is a multi-employer union plan incorporating all DAF employees in the Netherlands and is covered by a collective bargaining agreement that will expire on June 30, 2013. The Company’s contributions were less than 5% of the total contributions to the plan for the last two reporting periods ending December 2010. The plan is required by law (the Netherlands Pension Act) to have a coverage ratio in excess of 100%. Because the coverage ratio of the plan is currently less than 100%, a funding improvement plan has been implemented which requires additional premiums to be paid by the Company. 

The Western Metal Industry Pension Plan is located in the U.S. and is covered by a collective bargaining agreement that will expire on October 30, 2015. In accordance with the U.S. Pension Protection Act of 2006, the plan was certified as critical (red) status and a funding improvement plan has been implemented requiring an under-funded penalty of approximately 10% of the base contribution. For the last two reporting periods ending December 2010, contributions by the Company were greater than 5% and less than 10% of the total contributions to the plan. 

Other plans are principally located in the U.S. For the last two reporting periods, none are under funding improvement plans and Company contributions to these plans are less than 5% of each plan’s total contributions. 

There were no significant changes for the multi-employer plans in the periods presented that affected comparability between periods. 

