Michigan-based Dow Chemical may contribute $700-800 million to its U.S. defined benefit (DB) plan in 2011, Pensions & Investments reports. The plan, which had $10.5 billion in assets as of Sept. 30, 2010, is expecting to contribute only about $200 million in the first quarter.
Dow’s pension expenses will remain at about $500 million, the same as in 2010. Tennessee-based International Paper, which had $8 billion in U.S. DB assets as of Sept. 30, 2010, contributed $1.15 billion into its DB plan in 2010.
Click here for the story from Pensions & Investments.