Edison International, Rosemead, Calif., expects to make about $141 million in pension contributions in 2019, according to the company's 10-K filing with the Securities and Exchange Commission.
Edison said it expects to contribute about $84 million to its $3.3 billion pension plan and $57 million to the $3.1 billion pension plan of its subsidiary Southern California Edison Co.
In 2018, Edison International contributed $77 million to its defined benefit plan and $52 million to SCE's pension plan.
Edison International's liabilities were $3.9 billion as of Dec. 31, compared with $4.2 billion a year earlier. SCE's liabilities were $3.4 billion as of Dec. 31, compared with $3.7 billion as of Dec. 31, 2017.
Edison International's pension plan had a funding ratio of 84.6% as of Dec. 31, down from 86.5% a year earlier. SCE's pension plan had a funding ratio of 91.1% as of Dec. 31, compared with 91.6% as of Dec. 31, 2017.
The discount rate for both pension plans was 4.19%, compared to 3.46% in 2017.
