Time Warner Cable funds pension with $289 million in 2012
By Kevin Olsen | January 31, 2013 3:12 pm
Time Warner Cable Inc., New York, contributed $289 million to its defined benefit pension plan in 2012, including a $137 million contribution in the fourth quarter, according to its fourth-quarter earnings statement.
It contributed $405 million to the pension plan in 2011.
The fair value of the company's pension plan assets as of Dec. 31, 2011, was $2.92 billion, with an unfunded amount of $50 million, according to Time Warner Cable's most recent 10-K filing.
The asset allocation as of Dec. 31, 2011, was 51.8% equities, 46.8% fixed income, and 1.4% cash and other investments.