Financial Services Industry
Industry: Email Alert RSS FeedBoeing, SBC each ADD over $1 billion to plans in '03.(News Briefs)
Pensions & Investments, February, 2004
The following corporate pension plans made contributions in 2003 or are planning to do so in the future: * Boeing Co., Chicago, contributed $1.7 billion to its pension plans in 2003, the company announced. The company also expects to contribute about $100 million to the plans this year and less than $500 million in 2005, although it will evaluate making additional discretionary contributions, Boeing said in a statement.
The plans' investments returned 17% for the year ended Sept. 30. Boeing had $28.8 billion in pension assets and $35.9 billion in pension liabilities as of Sept. 30, 2002, its latest available totals. A Boeing spokeswoman said officials wouldn't provide further details. * SBC Communications Inc., San Antonio, contributed $1.6 billion to its...
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