Xerox Corp., Stamford, Conn., expects to contribute $114 million to its non-U.S. pension plans in 2005, according to the company's annual report, filed with the SEC. The company does not expect to contribute to its U.S. plans for the year, although it may make voluntary contributions to its U.S. plans based on actuarial valuations and projected results. The company had total retirement assets of $8.1 billion as of Dec. 31.
Xerox also lowered the discount rate it will use for measuring pension liabilities to 5.6% from 5.8% in 2004, and it lowered its expected rate of return on plan assets to 8% from 8.1%.
Calls to Xerox were not returned by press time.