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Entergy to contribute $409 million to pension funds in 2017

Entergy
Entergy's Indian Point Energy Center in Indian Point, N.Y.

Entergy Corp., New Orleans, plans to contribute $409 million to its qualified pension plans in 2017, the company disclosed in a 10-K filing Feb. 24 with the Securities and Exchange Commission.

Entergy, which has nine qualified domestic pension plans, contributed $390 million to the plans in 2016 and $396 million in 2015.

As of Dec. 31, pension fund assets totaled $5.17 billion, while projected benefit obligations totaled $7.14 billion, for a funding ratio of 72.4%, up from 68.7% the previous year.

As of that same date, the actual allocation of the plans was 46% domestic equity, 33% fixed income, 20% international equity and 1% other.