International Paper announces contribution to pension fund
Press release from the issuing company
Memphis, Tenn. - International Paper today announced it is making a $650 million voluntary contribution to its U.S. pension fund. In July of 2010, International Paper made a voluntary contribution of $500 million to the fund, which brings the year-to-date contribution total to $1.15 billion. "These contributions to the U.S. pension fund help fulfill our long-term funding requirements and will reduce our future pension expense," said Robert Hunkeler, International Paper's vice president of investments.
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