Pepsi Bottling Group (PBG)

We make contributions to the pension trust to provide plan benefits for certain pension plans. Generally, we do not fund the pension plans if current contributions would not be tax deductible. Effective in 2008, under the Pension Protection Act, funding requirements are more stringent and require companies to make minimum contributions equal to their service cost plus amortization of their deficit over a seven year period. Failure to achieve appropriate funded levels will result in restrictions on employee benefits. Failure to contribute the minimum required contributions will result in excise taxes for the Company and reporting to the regulatory agencies. During 2008, the Company contributed $85 million to its pension trusts. The Company expects to contribute an additional $150 million to its pension trusts in 2009, of which approximately $54 million is to satisfy minimum funding requirements. These amounts exclude $23 million and $35 million of contributions to the unfunded plans for the years ended December 27, 2008 and December 26, 2009, respectively.

 

For further information about our pension and postretirement plans see Note 12 in the Notes to Consolidated Financial Statements.

 

We make contributions to the pension trust to provide plan benefits for certain pension plans. Generally, we do not fund the pension plans if current contributions would not be tax deductible. Effective in 2008, under the Pension Protection Act, funding requirements are more stringent and require companies to make minimum contributions equal to their service cost plus amortization of their deficit over a seven year period. Failure to achieve appropriate funded levels will result in restrictions on employee benefits. Failure to contribute the minimum required contributions will result in excise taxes for the Company and reporting to the regulatory agencies. During 2008, the Company contributed $85 million to its pension trusts. The Company expects to contribute an additional $150 million to its pension trusts in 2009, of which approximately $54 million is to satisfy minimum funding requirements. These amounts exclude $23 million and $35 million of contributions to the unfunded plans for the years ended December 27, 2008 and December 26, 2009, respectively.

 

For further information about our pension and postretirement plans see Note 12 in the Notes to Consolidated Financial Statements.

 

We make contributions to the pension trust to provide plan
benefits for certain pension plans. Generally, we do not fund
the pension plans if current contributions would not be tax
deductible. Effective in 2008, under the Pension Protection Act,
funding requirements are more stringent and require companies to
make minimum contributions equal to their service cost plus
amortization of their deficit over a seven year period. Failure
to achieve appropriate funded levels will result in restrictions
on employee benefits. Failure to contribute the minimum required
contributions will result in excise taxes for the Company and
reporting to the regulatory agencies. During 2008, the Company
contributed $85 million to its pension trusts. The Company
expects to contribute an additional $150 million to its
pension trusts in 2009, of which approximately $54 million
is to satisfy minimum funding requirements. These amounts
exclude $23 million and $35 million of contributions
to the unfunded plans for the years ended December 27, 2008
and December 26, 2009, respectively.

 

For further information about our pension and postretirement
plans see Note 12 in the Notes to Consolidated Financial
Statements.