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Pension Funds

Eversource Energy to generate $180 million contribution to pension plans in 2018

Eversource Energy, Boston, expects to make contributions totaling $180 million to its pension plans in 2018, said its 10-K filed Monday.

Of that total, $82 million and $6 million will be contributed by subsidiaries CL&P and PSNH, respectively. The remaining $92 million is expected to be contributed by other Eversource subsidiaries, primarily Eversource Service.

The company contributed $235.2 million to its pension plans in 2017.

The company had $4.74 billion in plan assets as of Dec. 31 and total benefit obligations of $5.94 billion, for a funding ratio of 79.8%, up from 77.9% the year before.

As of Dec. 31, the asset allocation was 37% equities, 32% fixed income, 15% private equity, 12% real estate and other, and 4% hedge funds.

The discount rate was 3.43% at the end of 2017, down from 4.01% the year before.