Georgia-Pacific Corp., Atlanta, reduced its estimated 2004 expense on its $3.44 billion pension fund by $19 million to $188 million, but still expects to contribute $207 million to the fund this year, according to the company's 10-Q report. The reduction in pension expense is mainly due to an adjustment of Georgia-Pacific's salaried pension plan in connection with the sales of its building products distribution segment and its non-integrated pulp mills, according to the filing.
The company contributed $107 million as of July 3, according to the filing. Georgia-Pacific contributed $119 million to its pension fund in 2003 and reported $238 million in pension expense, according to the firm's 2003 annual report.
