Coca-Cola Enterprises has announced that it plans to pay US$207m to help sustain its pension fund in 2009.

Coca-Cola Enterprises announced its investment in its annual report, released on Friday (13 February).

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The soft drinks bottler said that the fund had been affected by the global financial crisis.

“As a result of significant declines in the funded status of our pension plans during 2008, it is probable that our future pension plan costs and contributions will be significantly greater than our 2008 amounts,” said the group.

It paid a total of $154m into its pension plan in 2008.

In December, the US federal government implemented the Worker, Retiree, and Employer Recovery Act, which was introduced to help pension fund that have suffered as a result of the financial market problems.

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Last week, one-off charges led CCE to report a net loss of US$4.4bn for 2008, despite a 4% increase in net revenue for the year.

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