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DEFINED BENEFIT

Exelon sets $250 million contribution for pension funds

Exelon’s Limerick Generating Station nuclear energy plant in Pottstown, Pa.

Exelon Corp., Chicago, and its subsidiaries plan to contribute $250 million total to its qualified defined benefit plans in 2016, the company announced in its recent 10-K filing.

Exelon and its subsidiaries also expect to contribute $21 million total to its non-qualified pension funds, bringing total planned 2016 contributions to $271 million.

Exelon and its subsidiaries contributed $462 million total to the plans in 2015, according to the filing.

The DB plans ended 2015 with $14.35 billion in assets and $17.75 billion in obligations for a funding ratio of 80.85%, according to the filing.

The asset allocation as of Dec. 31 was 35.2% public equity, 33.6% fixed income, 13.4% hedge funds, 6.5% private equity, 5.1% real estate, 4.9% in private credit and the remainder in cash equivalents.