American Electric Power Services Corp., Columbus, Ohio, announced it will contribute $200 million in cash to its pension fund and plans to contribute an additional $100 million per quarter in 2005. According to the most recent annual report, issued last March, the company has $3.18 billion in pension assets and is underfunded by $508 million. Steve Kiser, director of trust and investments at the plan, did not return calls.
American Electric Power promises cash contribution to pension fund
Recommended for You
Advertisement
White Papers
Sponsored Content
Partner Content