Boise Cascade Corp., Boise, Idaho, expects to contribute $80 million to $120 million to its pension plan this year, with a minimum required contribution of $26 million, said Ralph Poore, spokesman. The company contributed $48 million in cash to the $1 billion pension plan in 2002; the minimum required contribution was $1 million, he said. It had a projected total liability of $1.6 billion as of Dec. 31. Plan officials expect pension costs to rise to $75 million this year, from $30 million in 2002.
The plan also reduced its long-term rate-of-return assumption to 8.5%, from 9.25%, he said.