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DEFINED BENEFIT

CenturyLink sets $100 million pension contribution for 2017

CenturyLink Inc., Monroe, La., plans to contribute $100 million to its qualified pension plan in 2017, the company disclosed in a 10-K filing on Thursday.

The company had contributed $100 million each in 2016 and 2015.

According to its 10-K filing with the Securities and Exchange Commission, as of Dec. 31, CenturyLink's pension plan assets totaled $10.89 billion, while projected benefit obligations totaled $13.3 billion, for a funding ratio of 81.9%, down from 82.9% the previous year.

As of Dec. 31, the actual allocation was 18% investment-grade fixed income; 12% international equity; 11% domestic equity; 10% high-yield bonds; 8% real estate; 7% each market-neutral hedge funds and multiasset strategies; 6% directional hedge funds; 5% each diversified strategies and private equity; 4% emerging markets debt; 3% each cash equivalents and short-term investments, and private debt; and 1% emerging markets equity.