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Pension Funds

AT&T to dial up $560 million in pension contributions in 2018

AT&T Inc., Dallas, expects to contribute $560 million to its pension plans in 2018, said the company's 10-K filed Tuesday.

The contribution will be funded by cash distributions from its wireless business. The company also contributed $560 million to its defined benefit plans in 2017.

As of Dec. 31, the company had $45.46 billion in DB assets and $59.29 billion in projected benefit obligations for a funding ratio of 76.7%, up from 75.9% last year.

Also as of Dec. 31, the pension funds had an asset allocation of 41% fixed income, 23% domestic equities, 16% international equities, and 10% each real assets and private equity.

The discount rate used to determine benefit obligations was 3.8% as of Dec. 31, down from 4.4% at the end of 2016.

A spokesman could not immediately be reached for additional information.