General Motors Co., Detroit, announced Thursday it plans to contribute $100 million to its frozen U.S. defined benefit pension plans and $749 million to its non-U.S. defined benefit pension plans in 2014.

The company also announced in the annual report filing that it completed an investment policy study for the U.S. pension funds. As a result, the U.S. plans’ target to fixed income was reduced to 58% from 60% and its target to private equity, real estate, hedge funds and other investments jumped to 23% from 21%.The planned contributions come on the heels of 2013 contributions of $128 million to the U.S. plans and $886 million to the non-U.S. plans, according to the company’s 10-K filing with the Securities and Exchange Commission.

GM spokesman Tom Henderson said the company would not break out the targets beyond what is disclosed in the annual report.

As of Dec. 31, U.S. pension fund assets totaled $64.17 billion, compared to $71.48 billion in projected benefit obligations, for a funding ratio of 89.8%. The previous year, the U.S. plans’ funding ratio was 82.9%.

Non-U.S. plans as of Dec. 31 had assets totaling $14.97 billion and PBO totaling $27.53 billion, for a funding ratio of 54.4%. The previous year, the non-U.S. plans’ funding ratio was 53%.

Source: Pensions & Investments