UPS to deliver $2 billion to pension funds in 2019

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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.
 
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