Financial Services Industry
Industry: Email Alert RSS FeedNews Briefs: Companies make contributions to pension funds.(News Briefs)
Pensions & Investments, October, 2005
Several corporations announced recent contributions to their pension funds. * International Business Machines Corp., White Plains, N.Y., expects to contribute between $430 million and $583 million to its non-U.S. pension plans before the end of the year, according to its third-quarter report filed Oct.
25. The company, which had about $41 billion in defined benefit assets, is required to make a minimum contribution of $389 million, according to the filing. IBM already contributed $430 million to its non-U.S. defined contribution plans in the first nine months of 2005. Additionally, IBM contributed $1.7 billion to its U.S. defined benefit plan in January. * Continental Airlines Inc., Houston, contributed $65 million in cash in October to its pension plans,...
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