DELPHI, OTHERS MAKE RECENT CONTRIBUTIONS.(Delphi Corp.)(Olin Corp.)(Verizon Communications Inc.)

Pensions & Investments, May, 2007

Several companies announced contributions to their defined benefit plans in recent filings with the Securities and Exchange Commission. * Delphi Corp., Troy, Mich., will contribute about $1.3 billion to its U.S. pension plan after emerging from Chapter 11 bankruptcy protection later this year, according to an SEC filing.

Delphi's U.S. pension plan had $10.7 billion on Dec. 31, according to the firm's 2006 annual report. Recent discussions with the Internal Revenue Service and the Pension Benefit Guaranty Corp. "have culminated in a funding plan that would enable the company to satisfy its pension funding obligations upon emergence from Chapter 11 through a combination of cash contributions and a transfer of certain unfunded liabilities to a pension plan...

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