Georgia-Pacific Corp., Atlanta, plans to make a $105 million contribution to its $2.7 billion defined benefit plan this year, according to SEC filings. Georgia-Pacific also announced a $508 million non-cash charge to shareholder equity for the fourth quarter, representing the company’s "minimum pension liability adjustment” for 2002, said Robin Keegan, spokeswoman; company officials blame stock market declines for the charge.
According to an SEC filing late last year, the company’s retirement plan expenses are expected to total $250 million this year, compared with about $130 million for 2002. This year’s planned $105 million contribution is more than double the $45 million contribution in 2002.
