Boeing Co., Chicago, expects to make $500 million in pension contributions in both 2006 and 2007, the company reported today in an SEC filing. Its pension contributions totaled $1.9 billion in 2005.
The pension fund returned 15% for 2005, according to a company presentation today accompanying the filing. By contrast, the fund returned 13% in 2004, according to its 2004 annual report. Boeing's pension assets totaled $44.1 billion as of Sept. 30, according to data Boeing provided for Pensions & Investments' report on the top 1,000 employee benefit funds.
Funded status improved to 96%, according to the SEC filing. In 2004, the funded status of its projected benefit obligation was 91%, according to its 2004 annual report. Todd Blecher, Boeing spokesman, said the company won't disclose its total pension assets and liabilities for 2005 until it issues its annual report later this month.