Chevron and Xerox may make contributions to their defined benefit (DB) pension plans in 2011, Pensions & Investments reports. California-based Chevron will contribute $650 million to its U.S. pension plans and $300 million to its international plans, while Connecticut-based Xerox may contribute $500 million to its DB plans. In 2010, Chevron allocated $1.2 billion to its U.S. plans and $258 million to its international pension plans, while Xerox contributed $237 million to its pension plans. Chevron’s U.S. pension assets increased 17.5% in 2010 to $8.6 billion, while Xerox’s pension assets increased 5% in 2010 to $7.9 billion.
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