PPG Industries, Pittsburgh, plans to contribute $250 million to its defined benefit pension plan in late December or early January, PPG spokesman Jack Maurer said in a telephone interview.
The company contributed $450 million to the pension plan in 2009, according to an SEC filing. The company's pension plan was valued at $3.6 billion as of Dec. 31, 2009, the most recent number available.
Telus Corp., Vancouver, British Columbia, expects to make a C$200 million (US$199.2 million) voluntary special contribution to its defined benefit pension plan early next year. The contribution will bring its pension plan to a 97% funding ratio, according to a Telus news release.
The plan had C$6.316 billion in assets as of Dec. 31, 2009, the most recent number available, according to Telus spokesman Shawn Hall.
Also, Eastman Chemical Co., Kingsport, Tenn., will make a $100 million contribution to its defined benefit pension plan by the end of the first quarter 2011. The company already has contributed $35 million to the plan in 2010. The company's pension plan was valued at $1.087 billion as of Dec. 31, 2009, the most recent number available.
