General Electric Co., Fairfield, Conn., reaffirmed plans to make its first employer contribution the GE Pension Plan since 1987.
In a presentation during the company’s annual outlook investor meeting Tuesday, Jeffrey R. Immelt, GE chairman and CEO outlined a planned $1 billion contribution in 2012.
In its 2010 10-K, filed on Feb. 25, the company said it expected to make $1.4 billion in pension contributions in 2012. The company’s principal pension plans — which include the GE Pension Plan and the GE Supplementary Pension Plan — had total assets of $44.8 billion as of Dec. 31, 2010, the latest available data.
Company spokesmen could not be immediately reached for comment.