Parker Hannifin Corp., Cleveland, expects to contribute about $95 million to its $1.62 billion defined benefit pension plan in 2005, according the company's annual report filed with the SEC. The company contributed $110.6 million in 2004.
Separately, the company lowered its expected rate of return on plan assets to 8.25% from 8.5% and lowered the discount rate to 6.25% from 7.25%, according to the report.
