Alcoa has made a $600 million contribution to its U.S. defined benefit plans in January, Pensions & Investments reports. The U.S. aluminum producer also plans to make a separate cash contribution of $200 million this year.
The New York-based company’s U.S. pension assets increased to $7.2 billion as of end of last year. The funded status of the U.S. defined benefit plans was 74% at year-end 2010.
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