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The Latest UPS Headlines
Corporate pension plan funding increases
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<blockquote data-quote="cheryl" data-source="post: 848603" data-attributes="member: 1"><p><strong><a href="http://www.pionline.com/article/20110613/PRINTSUB/306139982" target="_blank">Corporate pension plan funding increases - Pensions and Investments</a></strong></p><p><strong><a href="http://www.pionline.com/article/20110613/PRINTSUB/306139982" target="_blank"></a></strong></p><p>The funded status of the top 100 U.S. corporate pension plans improved for the second year in a row in 2010 following a precipitous drop due to the 2008 financial crisis, according to Pensions & Investments' review of annual reports. The aggregate funded ratio of the top 100 plans rose to 86.1% in 2010 from 83.9% in 2009. The plans had an aggregate funding deficit of $167.3 billion, compared with $180 billion in 2009. </p><p></p><p></p><p>United Parcel Service Inc., Atlanta, made the second largest contribution in 2010, at $3.1 billion. The firm reported plan assets of $20.1 billion and $21.3 billion in PBO, for a funding ratio of 94.1% as of Dec. 31, up from 86.4% at the end of 2009. The plan sponsor contributed an additional $1.2 billion in January.</p></blockquote><p></p>
[QUOTE="cheryl, post: 848603, member: 1"] [B][URL="http://www.pionline.com/article/20110613/PRINTSUB/306139982"]Corporate pension plan funding increases - Pensions and Investments [/URL][/B] The funded status of the top 100 U.S. corporate pension plans improved for the second year in a row in 2010 following a precipitous drop due to the 2008 financial crisis, according to Pensions & Investments' review of annual reports. The aggregate funded ratio of the top 100 plans rose to 86.1% in 2010 from 83.9% in 2009. The plans had an aggregate funding deficit of $167.3 billion, compared with $180 billion in 2009. United Parcel Service Inc., Atlanta, made the second largest contribution in 2010, at $3.1 billion. The firm reported plan assets of $20.1 billion and $21.3 billion in PBO, for a funding ratio of 94.1% as of Dec. 31, up from 86.4% at the end of 2009. The plan sponsor contributed an additional $1.2 billion in January. [/QUOTE]
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