The Walt Disney Co., Burbank, Calif., plans to contribute at least $61 million in fiscal year 2006 to its $3.4 billion pension plans, according to its 10K filed today with the SEC.
The company contributed $291 million for the fiscal year ended Oct. 1, 2005, the SEC filing said. The company might make additional contributions in 2006, depending on the funded status of the plan and on pension legislation being considered in Congress, the filing said. The company decreased its discount rate assumption to 5.25% from 6.3% the previous fiscal year.
The pension plans had an unfunded liability of $1.1 billion as of Oct. 1, up from $415 million a year before because of a decrease in the discount rate assumption, the filing said.