Tyco putting $500 million toward pension funds

Tyco International Ltd., Princeton, N.J., plans to contribute more than $500 million to its pension plans over the next six months, according to a Tyco news release. Last year, Tyco contributed $248.8 million to its U.S. plan and $92.6 million to its non-U.S. plan. The U.S. pension plan had assets of $1.5 billion as of Dec. 31; the non-U.S. plan had assets of $1.26 billion as of that date.