International Paper Co., Memphis, Tenn., contributed $44 million to Temple-Inland's U.S. defined benefit pension plan, IP spokesman Thomas J. Ryan confirmed in an e-mail.
International Paper's acquisition of the Austin, Texas-based firm closed in February.
As of Jan 1, 2011, Temple-Inland had worldwide defined benefit plan assets of $1.28 billion and liabilities of $1.59 billion, for a funding ratio of about 80%. The asset allocation of Temple-Inland's plan was 79.6% fixed income, 13% equities, 6% real estate, 0.9% cash and other, and 0.5% private equity.
Mr. Ryan wrote that the IP fund doesn't have to make any additional contributions for the rest of the year but may choose to prefund some of the expected required 2013 contribution.
International Paper did not contribute to its own $8.19 billion U.S. defined benefit plans in the second quarter.
