United Continental Holdings Inc., Chicago, is expected to contribute an average of $275 million to its pension funds in each of the next five years, according to a presentation from the company's investor day conference in New York on Tuesday.
The contributions are about $125 million to $150 million in excess of the minimum required amount from 2014 to 2018. The 2019 contribution is expected to be about $160 million.
In January, United Continental said it would contribute $240 million to the plans in 2013.
United Continental oversees three pension funds — two for former Continental employees and one for former United employees. The plans had an aggregate $2.2 billion in assets and $2.4 billion in unfunded liabilities as of Dec. 31, according to its most recent 10-K filing. United Continental reported $1.8 billion in unfunded liabilities at the end of the third quarter, according to the presentation.
Officials from United Continental could not be reached for additional information.