Exelon Corp., Chicago, plans to contribute $264 million to its U.S. pension funds this year, down from $339 million last year, according its 10-K filed Friday.
The pension funds ended the year with $13.57 billion in assets and $15.46 billion in liabilities for a funded status of 87.8%, up from 79.5% a year earlier. The unfunded liability decreased by $1.55 billion to $1.89 billion during the year. The discount rate increased to 4.8% from 3.92%.
The asset allocation at the end of 2013 was 37% fixed income, 34% equities, 17% hedge funds, and 6% each private equity and real estate.
