Wolters Kluwer Sees No Need for Further Contributions To Shore up DB Plans
26 July 2012 (PLANSPONSOREurope.com) - Wolters Kluwer says it does not expect to make any further contributions to its defined benefit plans to mitigate the impact of developments on international markets, according to its 2012 half-year results.
In the results the global professional information service provider concedes that its defined benefit plans are affected by the developments in the international markets and may be further affected by future development in these markets.
It says: “A decline of interest rates since December 31, 2011, may negatively impact the funded status of these plans. However, at this time the Company does not expect to make material additional contributions to its pension plans other than the ones already scheduled.”