CenturyLink Inc., Monroe, La., plans to make a voluntary contribution of $100 million to its qualified pension plan in 2018, the company disclosed in its 10-K filing on Thursday.
The company contributed $100 million each in 2017, 2016 and 2015.
As of Dec. 31, CenturyLink's pension plan assets totaled $11.06 billion, while projected benefit obligations totaled $13.122 billion, for a funding ratio of 84.3%, up from 81.9% the previous year.
The discount rate for its qualified and non-qualified pension plans ranged from 3.44% to 3.7% in 2017, down from 3.5% to 4.1% in 2016.
As of Dec. 31, the actual allocation of the qualified pension plan was 17.3% investment-grade bonds, 12% international equities, 10% domestic equities, 9.6% high-yield bonds, 8.2% real estate, 7.8% multiasset strategies, 6.9% market-neutral hedge funds, 5.8% directional hedge funds, 4.9% diversified strategies, 4.8% cash equivalents and short-term investments, 4.2% private equity, 4.1% emerging markets debt, 3.5% private debt and 0.9% emerging markets equities.
