Dow Chemical Co., Midland, Mich., plans to contribute about $800 million to its global defined benefit pension funds in 2014.
The company contributed $865 million in 2013 to the plans, which are still open to employees, according to its annual report released Friday. Louise Adhikari, spokeswoman, said the company does not provide a breakdown for U.S. and non-U.S. plans.
As of Dec. 31, global plan assets totaled $18.8 billion, compared to $25 billion in projected benefit obligations, for a funding ratio of 75.2%.
U.S. plan assets as of Sept. 30 totaled $13 billion, according to Pensions & Investments data.
The average target allocation for the company’s global pension funds is 39% equities, 38% fixed income, 22% alternatives and 1% other investments.
