US - Aluminium manufacturer Alcoa is to contribute $900m to its pension plans through a mix of cash and stocks.
The firm said it would pay $600m in common stock to the company's defined benefit pension plans in the first quarter of 2011 with additional cash contributions of approximately $300m later in the year.
It said the contributions will improve the funded status of its pension plans and provide financial flexibility.
Alcoa, which closed its defined benefit schemes to new employees in 2006 in favour of 401(k) retirement plans, made a similar $600m share contribution to the fund last year.
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