cheka.
10th February 2018, 08:36 PM
I didn't know this was a thing. I swear I've been taught that the offshoring orgy was to reduce costs like defined benefit pension plans :|~
nice that we bailed out the foreigners' pensions several years ago
http://www.pionline.com/article/20180208/ONLINE/180209825/ford-to-steer-500-million-to-non-us-pension-plans-in-2018
Ford Motor Co., Dearborn, Mich., plans to contribute $500 million to its non-U.S. defined benefit plans in 2018, the company disclosed in its 10-K filing with the Securities and Exchange Commission on Thursday.
The company said most of the contributions are mandatory and it does not expect to make any contributions this year to its major U.S. plans.
In 2017, Ford contributed $1.6 billion to its non-U.S. plans and $133 million to its U.S. plans, both above the 2016 totals of $1.4 billion and $130 million, respectively.
As of Dec. 31, U.S. plan assets totaled $44.16 billion, while projected benefit obligations totaled $46.34 billion, for a funding ratio of 95.3%.
Non-U.S. plan assets as of that same date totaled $29.66 billion, while projected benefit obligations totaled $34.1 billion, for a funding ratio of 87%
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http://www.pionline.com/article/20170208/ONLINE/170209862/general-motors-revs-up-970-million-contribution-for-non-us-pension-plans
General Motors Co., Detroit,expects to contribute $970 million to its non-U.S. defined benefit plans in 2017, showed the firm's 10-K filing released Tuesday.
Company contributions to the non-U.S. plans in 2016 totaled $1.033 billion and $2.054 billion to the U.S. plans.
The automaker's non-U.S. plans totaled $12.998 billion as of Dec. 31 and liabilities totaled $24.05 billion for a funded status of 54%. The 2016 discount rate for the plan was reduced to 2.72% from 3.2% the prior year. The asset allocation of the plans was 50% debt, 29% other and 21% equities, the 10-K said.
nice that we bailed out the foreigners' pensions several years ago
http://www.pionline.com/article/20180208/ONLINE/180209825/ford-to-steer-500-million-to-non-us-pension-plans-in-2018
Ford Motor Co., Dearborn, Mich., plans to contribute $500 million to its non-U.S. defined benefit plans in 2018, the company disclosed in its 10-K filing with the Securities and Exchange Commission on Thursday.
The company said most of the contributions are mandatory and it does not expect to make any contributions this year to its major U.S. plans.
In 2017, Ford contributed $1.6 billion to its non-U.S. plans and $133 million to its U.S. plans, both above the 2016 totals of $1.4 billion and $130 million, respectively.
As of Dec. 31, U.S. plan assets totaled $44.16 billion, while projected benefit obligations totaled $46.34 billion, for a funding ratio of 95.3%.
Non-U.S. plan assets as of that same date totaled $29.66 billion, while projected benefit obligations totaled $34.1 billion, for a funding ratio of 87%
================================================== =============================
http://www.pionline.com/article/20170208/ONLINE/170209862/general-motors-revs-up-970-million-contribution-for-non-us-pension-plans
General Motors Co., Detroit,expects to contribute $970 million to its non-U.S. defined benefit plans in 2017, showed the firm's 10-K filing released Tuesday.
Company contributions to the non-U.S. plans in 2016 totaled $1.033 billion and $2.054 billion to the U.S. plans.
The automaker's non-U.S. plans totaled $12.998 billion as of Dec. 31 and liabilities totaled $24.05 billion for a funded status of 54%. The 2016 discount rate for the plan was reduced to 2.72% from 3.2% the prior year. The asset allocation of the plans was 50% debt, 29% other and 21% equities, the 10-K said.