General Electric Co., Fairfield, Conn., expects to be required to contribute about $1.4 billion to its GE Pension Plan in 2012 — the first employer contribution to the plan since 1987, the company announced Friday.
GE won’t contribute to its plan this year, according to its 10-K, filed Friday.
The company’s principal pension plans — which include the GE Pension Plan and the GE Supplementary Pension Plan — had assets of $44.8 billion as of Dec. 31, up 6.4% from a year earlier.
The funded status of the principal pension plans was 86.2% at year-end 2010 vs. 87.5% a year earlier, while the discount rate fell to 5.28% from 5.78% in the same period.
