Deere to fund pension plans with $240 million in 2009

Deere & Co. plans to contribute $240 million to its pension fund this year, an increase from the previous year's contribution of $137 million. As of Oct. 31, 2008, Deere had $7.8 billion in pension assets and $7.1 billion in pension liabilities. "There is no [Employee Retirement Income Security Act]-required funding involved here," said Ken Golden, director of strategic public relations.

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