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GE pre-funds pension plan with $2.5 billion

Posted On: Dec. 10, 2020 10:03 AM CST

General Electric Co. has pre-funded $2.5 billion its GE Pension Plan funding requirements for 2021, 2022 and into 2023, Pensions & Investments reports. The organization had previously planned to pre-fund roughly $4 billion to $5 billion in 2020 to meet its minimum ERISA pension funding requirements through at least 2022, but lowered the amount after assets performed better than expected during the year.

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