Three companies announced plans to contribute a total of more than $1.2 billion to their pension funds this year, while another company said it contributed $150 million last year.
United Technologies Corp., Hartford, Conn., plans to contribute a total of $600 million to its worldwide defined benefit plans this year, including about $400 million to its U.S. plans, according to its 10-K filing with the SEC. The report stated fair value of all defined benefit plan assets at $19.4 billion and projected benefit obligations at $22.3 billion as of Dec. 31.
United Technologies contributed $951 million to its U.S. defined benefit plans in 2009.
PepsiCo Inc., Purchase, N.Y., expects to make a voluntary pension contribution of $600 million in 2010, according to its 8-K filing today. The filing did not say whether the contribution was for its U.S. or international plans. The company reported the fair value of plan assets at $4 billion and $6.2 billion in projected benefit obligations for its U.S. defined benefit plans as of Dec. 31, 2008, in the previous year’s 10-K filing.
Viacom Inc., New York, plans to contribute $25 million to one of its defined benefit plans in 2010, according to its 10-K report, filed today. The company reports $414 million in fair value of plan assets and $493 million in projected benefit obligations in that defined benefit plan as of Dec. 31. The company also has another defined benefit plan that was frozen as of Dec. 31, with $166 million in benefit obligations.
Viacom contributed a total of $119 million to the plans in 2009.
Pactiv Corp., Lake Forest, Ill., contributed $150 million to its defined benefit pension plan in the fourth quarter of 2009, according to the 8-K filed on Jan. 26. The pretax contribution brought its total 2009 contribution to $550 million.
The company had reported a fair value of plan assets of $2.5 billion and a projected benefit obligation of $3.7 billion as of Dec. 31, 2008, in last year’s 10-K filing. Pactiv has no plans to make any further significant contributions in 2010, according to the 8-K.