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Administration July 12, 2004
Contribution Brings J&J Pension to Full Funding Status
December 31, 2002 (PLANSPONSOR.com) - Johnson &
Johnson's recently filed 8-K report has revealed a
contribution of $750 million made to the company's US pension
plan in December, according to a Dow Jones report.
Reported by Eric Hazard
The company said the contribution, which was not necessary under Employee Retirement Income Security Act (ERISA) standards, brings the US pension plan to fully funded status, taking the plan’s assets to a level greater than its accumulated benefit obligation (ABO).
Further, Johnson & Johnson said the funding would not impact the company’s earnings estimates or debt ratings, according to the report.
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