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Timken Co. Expects to Have Fully Funded Pension Plans at Separation
Pensions & Investments 
Sept. 9, 2013 "Two-thirds of the company's $3.1 billion in assets and $3.5 billion in liabilities in the company's defined benefit plan will go to the bearings and power transmission business that will continue to operate as The Timken Co. and one-third will go to the spinoff of the engineered-steel business into a new company ... The company contributed $110.2 million to its pension funds in the first half of this year, including $105 million in discretionary contributions. Last year, it contributed $325.8 million to its pension funds." MORE >> |
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