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Pension Funds

Eversource to light up $112 million for pension plans in 2019

Eversource Energy, Boston, expects to make contributions totaling $112 million to its pension plans in 2019, said its 10-K filed Tuesday.

Of that total, $44 million and $10 million will be contributed by subsidiaries Connecticut Light & Power Co. and Public Service Company of New Hampshire, respectively. The remaining $46 million is expected to be contributed by other Eversource subsidiaries, primarily Eversource Service.

The company contributed $186 million to its pension plans in 2017.

The company had $4.57 billion in plan assets as of Dec. 31 and total benefit obligations of $5.52 billion, for a funding ratio of 82.8%, up from 79.8% the year before.

As of Dec. 31, the asset allocation was 37% equities, 32% fixed income, 15% private equity and 16% real estate and other.

The discount rate was 4.22% at the end of 2018, up from 3.43% at the end of 2017.