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Pension Funds

Entergy to generate $177 million in pension contributions in 2019

High tension lines carry Entergy electrical power

Entergy Corp., New Orleans, expects to contribute about $177 million to its pension plans in 2019, the utility company disclosed in its 10-K filing with the SEC on Tuesday.

The company contributed $384 million to the plans in 2018 and $410 million in 2017.

As of Dec. 31, pension plan assets totaled $5.5 billion, while projected benefit obligations totaled $7.41 billion, for a funding ratio of 74.2%, down from 76% a year earlier. The discount rates for the company's qualified pension plans ranged from 4.37% to 4.52% in 2018, up from 3.7% to 3.82% in 2017.

As of Dec. 31, the plans' asset allocation was 41% fixed income, 40% domestic equities, 18% international equities and 1% other.