UPS to deliver $2 billion to pension funds in 2019

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 22, 2019.

  1. cheryl

    cheryl I started this. Staff Member

    UPS to deliver $2 billion to pension funds in 2019 - Pensions and Investments

    United Parcel Service Inc., Atlanta, expects to contribute $2 billion to its U.S. pension plans in 2019, the shipping company disclosed in a 10-K filing with the SEC on Thursday.

    UPS contributed $19 million to the U.S. plans in 2018 and $7.3 billion in 2017. It also disclosed in the Securities and Exchange Commission filing that it expects to contribute $63 million to its international pension plans this year. The company contributed $80 million and $77 million, respectively, to those plans in 2018 and 2017.

    As of Dec. 31, U.S. pension plan assets totaled $39.55 billion, while projected benefit obligations totaled $45.33 billion, for a funding ratio of 87.3%, down from 91.5% a year earlier. As of that same date, international plan assets totaled $1.28 billion, while projected benefit obligations totaled $1.55 billion, for a funding ratio of 82.7%, up from 80.7% a year earlier.
     
  2. DELACROIX

    DELACROIX In the Spirit of Honore' Daumier

    Interesting reading...Starting to interpret the tealeaves..:backingout:
     
  3. Indecisi0n

    Indecisi0n Well-Known Member

    But they cant pay a retro check.