UPS wraps up full funding with $3.2 billion contribution

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 10, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    UPS wraps up full funding with $3.2 billion contribution - Pensions and Investments

    United Parcel Service Inc., Atlanta, contributed $3.2 billion in cash to its U.S. pension plans in the last two months, said Norman Black, UPS spokesman.

    The company contributed $1.2 billion in January and $2 billion in December, he said.

    As a result of the contributions, each of the company's U.S. defined benefit pension plans is now more than 100% funded, Mr. Black said. The amount of the overfunding was unavailable, he said.