AT&T Inc., Dallas, plans to contribute $735 million to its pension funds in 2015, the company’s recently filed 10-K shows.
The contribution will come from cash distributions from its wireless business. AT&T contributed $562 million to its pension funds in 2014, the filing said.
As of Dec. 31, the company’s defined benefit plans had $45.2 billion in assets and $59.5 billion in pension obligations, for a funding ratio of 76%.
As of the same date, the pension funds had an asset allocation of 38% fixed income, 23% domestic equity, 14% international equity, 12% private equity, 11% real assets, and 2% other.
The filing also disclosed that AT&T is offering a lump-sum payment to certain management employees who retire on or before March 31. Eligible employees have until March 6 to accept the offer.
Additional information on the lump-sum offer could not be learned by press time.
In October 2013, the company announced a lump-sum offer to certain employees if they retired on or before Dec. 30, 2013. About $2.7 billion total was paid to employees who accepted the offer, according to the filing.
An AT&T spokesman could not immediately be reached for additional information.
