Daimler to Make EUR2.5 Billion Extra Contribution to German Pension Fund
December 11 2014 - 11:56AM
Dow Jones News
By Chase Gummer
FRANKFURT--German car maker Daimler AG (DAI.XE) said on Thursday
it was allocating 2.5 billion euros ($3.09 billion) to the Daimler
Group's pension fund in an extraordinary contribution.
The company said in a statement the move would have a positive
impact on interest income and net profit over the coming years, but
wouldn't affect earnings before interest and taxes for the
group.
"This allocation to the pension fund significantly increases the
funded ratio of our pension obligations," said Bodo Uebber, a
member of the board of management at Daimler.
"It strengthens the pension fund, so that we can guarantee the
rising pension payments in the future."
Write to Chase Gummer at chase.gummer@wsj.com
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