Navistar, Warrenville, Ill., next year will contribute $150 million to its two pension plans, which are underfunded by $512 million, said Roy Wiley, spokesman. Navistar will fund the plans with company stock and additional sources that have not been determined, he said. Further details will be determined later, he said.
Navistar’s two defined benefit plans have $1.7 billion and $1.2 billion in assets, according to the Money Market Directory.
