Evergy Inc., Kansas City, Mo., will contribute about $132 million to its pension plans in 2021.
The contributions will be made to fulfill minimum funding requirements, according to the utility company's Feb. 26 10-K filing with the SEC.
As of Dec. 31, Evergy's pension plan assets totaled $1.733 billion, while projected benefit obligations totaled $2.718 billion, for a funding ratio of 63.8%, up from 62.8% the year before.
The discount rate for the plans fell to 2.95% as of Dec. 31 from 3.62% a year earlier.
The 10-K filing provides separate asset allocation information for the plans that serve employees of Evergy Kansas Central and Evergy Metro.
As of Dec. 31, the actual allocation of Evergy Kansas Central plans was 36% fixed income, 29% domestic equities, 20% international equities, 11% other investments and 4% real estate. Evergy Metro plans' allocation as of that date was 33% fixed income, 30% domestic equities, 24% international equities, 9% other investments and 5% real estate.
