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Ford Puts $400 Million Into Worldwide Pension Plans in Second Quarter

July 23, 2010
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Related Topics: Financial Impact, Benefit Design and Communication, Retirement/Pensions, Latest News
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Ford Motor Co. contributed $400 million to its worldwide pension plans in the second quarter ended June 30, according to an 8-K the company filed Friday, July 23, with the SEC.

Spokesman John Stoll said company officials weren’t breaking out the amount contributed to its U.S. plans, with combined assets of $38.4 billion. Ford’s non-U.S. plans had a combined $17.5 billion. Both totals are as of December 31; Stoll said more recent figures weren’t available.

In the first quarter ended March 31, Ford contributed $500 million worldwide, according to its 10-Q issued May 7. For 2010, Ford expects to contribute $1.5 billion to its worldwide plans, the 10-Q said.

In 2009, Ford contributed $136 million to its U.S. plans and $968 million to its non-U.S. plans, according to a 10-K report Ford filed February 25.  

Filed by Barry B. Burr of Pensions & Investments, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

 

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