U.S. Steel Corp., Pittsburgh, expects to contribute up to $375 million to its pension funds through the end of 2015, according to its 10-K filed Tuesday.
The company authorized voluntary contributions to company trusts for pensions and other benefits of up to $300 million through the end of 2015. In addition, U.S. Steel expects to make payments of $75 million to other pension funds not funded by trusts.
U.S. Steel made voluntary contributions of $140 million to its main domestic defined benefit pension fund in 2013.
The fair value of plan assets was $9.12 billion as of Dec. 31, an increase of 5.3% from the year before. Asset allocation as of Dec. 31 was 40.1% domestic equities, 25% other investments, 20.1% fixed income, 4.9% international equities, 3.3% private equity, 3.3% timberland and 3.3% real estate.
For the year ended Dec. 31, 2012, the allocation was 40.3% domestic equities, 27.2% other investments, 19.5% fixed income; 5.6% international equities, 3.9% private equity and 3.5% real estate.