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Kimberly-Clark Allocates $250M To DB Plan
Kimberly-Clark allocated $250 million to its defined benefit plan in the second quarter.
Kimberly-Clark allocated $250 million to its defined benefit (DB) plan in the second quarter, Pensions & Investments reports. The Dallas-based company has committed about $415 million to the plan in the first half of 2011.
It also expects to contribute a total of $420-500 million for the year. The maker of Scott toilet paper contributed $245 million to the plan in 2010 and $845 million in 2009. The plan had $4.6 billion in defined benefits assets as of Dec. 31, 2010.
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