UPS wraps up full funding with $3.2 billion contribution

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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.
 
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