Eversource Energy, Boston, expects to make contributions totaling $130 million to its pension plans in 2021.
Of that total, $78.9 million will be contributed by subsidiaries Connecticut Light & Power Co. The remaining $51.1 million is expected to be contributed by other Eversource subsidiaries, primarily Eversource Service.
The company contributed $110 million to its pension plans in 2020, according to its Form 10-K filed Feb. 17.
The company had $5.41 billion in plan assets as of Dec. 31 and total benefit obligations of $7.05 billion, for a funding ratio of 76.7%, down from 78.6% the year before.
The discount rate was 2.4% to 2.7% at the end of 2020, down from 3% to 3.4% at the end of 2019.
As of Dec. 31, the asset allocation was 36.1% equities, 32.9% fixed income, 22.1% private equity, 13.7% real assets and the rest in a 401(h) account to provide health and welfare post-retirement benefits.
