Financial Services Industry
Industry: Email Alert RSS FeedContinental, Abbott, BAE reveal plan contributions.(News)(Continental Airlines Inc plans to contribute to its defined benefit plans)(Abbott Laboratories plans to contribute to its defined benefit plans)(BAE Systems plans to contribute to its defined benefit plans)(Brief Article)
Pensions & Investments, March, 2006
Three pension plan sponsors have announced contributions for their defined benefit plans. * Continental Airlines Inc., Houston, plans to contribute $258 million to its defined benefit plans in 2006, according to its annual report filed Feb. 23 with the Securities and Exchange Commission. The company, which has $1.4 billion in pension assets, also plans to contribute about $1.54 billion over the next 10 years to meet its minimum pension funding obligations in addition to the expected 2006 contribution, including: $318 million in 2007, $376 million in 2008, $262 million in 2009, $98 million in 2010 and $242 million in later years, according to the filing.
The contribution forecast is based on the company's current return assumption of 9% and assumes no...
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