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Molson Coors to pour additional $200 million into U.S. pension plan in third quarter

Molson Coors Brewing Co., Denver, expects to contribute between $300 million and $320 million total to its global pension plans in 2017, the company said in a recently filed 10-Q.

The company originally planned to contribute $100 million to $120 million this year. The additional $200 million will be contributed to its U.S. pension plan in the third quarter of 2017.

As of Dec. 31, the company had $5.9 billion in global DB assets and $6.2 billion in benefit obligations for a funded status of 95.2%, according to its most recent 10-K. As of the same date, the global DB plans had an aggregate asset allocation of 62.7% fixed income (vs. a 65.9% target), 24.4% equities (23.7%), 8.9% other (6.4%), 2.2% real estate (2.2%) and 1.8% hedge funds (1.8%).

A breakout of U.S. DB assets was not immediately available.

A spokesman could not immediately be reached for additional information.