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Sears To Contribute $352M To DB Plans
Sears Holdings is planning to make a $343 million contribution to its U.S. defined benefit plan.
Sears Holdings is planning to make a $343 million contribution to its U.S. defined benefit plan, Pensions & Investments reports. The U.S. retail conglomerate is also seeking to contribute $9 million to its Canadian defined benefit plan this year.
The Illinois-based company contributed $277 million to its U.S. plan and $2 million to its Canadian plan last year. The company’s U.S. pension assets increased to $4.1 billion as of January 29, while assets for the Canadian plan increased to $1.3 billion as of January 29.
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