Sempra Energy, San Diego, expects to contribute $268 million to its pension plans in 2020.
The company contributed $276 million to the plans in 2019, the company disclosed in its 10-K filing with the SEC on Thursday.
Sempra Energy to generate $268 million for pension plans in 2020
Bloomberg
The Sempra Energy building in San Diego
As of Dec. 31, Sempra Energy had $2.66 billion in pension plan assets, and $3.77 billion in projected benefit obligations, for a funding ratio of 70.6%, up from 64.7% a year earlier.
The discount rate as of Dec. 31 fell to 3.49% from 4.29% the year before.
The target allocation for Sempra Energy's pension master trust is 35% domestic equities; 24% international equities; 18% long credit; 8% ultralong-duration government securities; and 5% each real assets, global real estate investment trusts and return-seeking credit.
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