Reynolds American Inc., Winston-Salem, N.C., plans to contribute $309 million to its pension plans in 2010, while Alcoa Inc., Pittsburgh, plans to contribute an estimated $100 million to its international plans, according to SEC filings from the two companies.
Also, Dow Chemical Co., Midland, Mich., expects to contribute $304 million to its global defined benefit plans in 2010, according to the firm’s 10-K filing.
Reynolds contributed $295 million to the pension plans in 2009, according to an SEC filing. The company’s combined pension plans were valued at $4 billion as of Dec. 31. Reynolds American spokesman David Howard could not be reached for comment.
Alcoa’s combined pension plans are valued at about $8.5 billion as of Dec. 31, according to the filing. Spokesman Mike Belwood could not be reached for comment by press time.
Dow contributed $355 million in 2009. Dow Chemical’s global pension assets totaled $14.6 billion as of Dec. 31, up from $11.6 billion a year earlier. The increase is due partly to the addition of $1.4 billion of global DB assets from Rohm & Haas, which Dow Chemical acquired on April 1.