FPL Group Inc., Juno Beach, Fla., will not be required to make cash contributions to its pension plan "in the near future," based on actuarial assumptions and the funding status of the plan, according to a filing with the SEC. The proxy statement, which included 2004 financial statements, said the pension plan had $2.9 billion in assets and a surplus of roughly $1.3 billion as of the Sept. 30 measurement date.
Separately, company officials transferred $21 million in December from the pension plan as reimbursement for eligible retiree medical expenses.
K. Michael Davis, controller and chief accounting officer, and Karen Hauck, spokeswoman, did not return calls seeking comment by press time.
