UPS Makes $3.2B Contribution To PF

United Parcel Service has made a total contribution of around $3.2 billion in cash to its U.S. pension plans in the last two months.

United Parcel Service (UPS) has made a total contribution of around $3.2 billion in cash to its U.S. pension plans in the last two months, Pensions & Investment reports. The U.S. package delivery company made a $1.2 billion contribution in January and $2 billion in December. The Georgia-based company’s U.S. defined benefit pension plans have become more than 100% funded with the contributions. UPS, which sold 10- and 30-year notes in December to contribute $2 billion to its pension plans, had $15.3 billion in assets as of end of last year in its U.S. plans.

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