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Pension Funds

United Technologies forecasts $100 million contribution to pension plans

United Technologies Corp., Farmington, Conn., expects to contribute about $100 million to its global pension plans in 2019, according to a 10-K the company filed with the SEC.

In 2018, the company made no contributions to its U.S. pension plans and contributed $147 million to its international defined benefit plans.

UTC's global pension assets totaled $35.25 billion and liabilities totaled $37.8 billion as of Dec. 31, for a funding ratio of 93.3%. The 10-K did not break out contribution by region. The discount rate used was 4% in 2018 vs. 3.4% in 2017.

UTC assumed roughly $3.4 billion of plan assets and $3.7 billion of pension projected benefit obligations attributable to its acquisition of Rockwell Collins on Nov. 26.

The conglomerate contributed $403 million to its employer-sponsored defined contribution plans in 2018.

The company's total DB plan asset allocation as of Dec. 31 was 49% U.S. fixed income, 33% global equities, 7% other, 5% real estate, 4% private equity and the rest in cash.