SMTC Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 12 - Defined Contribution Pension Plan and Post-employment Benefit Plan

Note 12 - Defined Contribution Pension Plan and Post-employment Benefit Plan

12 Months Ended

Jan. 01, 2017

Pension and Other Postretirement Benefits Disclosure [Text Block]

12.	Defined contribution pension plan and post-employment benefit plan

The Company has a

401K

plan which is accounted for as a defined contribution plan for certain U.S. employees, whereby the Company matches a portion of employee contributions. Company contributions to the

401K

plan were

$162,

$157

and

$104

for the years ended

January

2017,

January

2016

and

December

28,

2014,

respectively.

The Company has certain post-employment benefits related to employees in its Mexico facility. These benefit plans are only available to local employees and are generally government mandated. The liability related to the unfunded benefit obligations was

$247

and

$268

as at

January

2017

and

January

2016

respectively, which was classified within accrued liabilities in the consolidated balance sheet.