Gm Adds Billions To Its Pension Plan

General Motors Corp. contributed $6.3 billion in stock to its U.S. hourly workers’ pension plan Monday as part of a strategy to pump more than $10 billion into the fund.

The 173 million shares of GM Class E stock, part of the automaker’s stake in its Electronic Data Systems subsidiary, bring to $15.8 billion the company’s contributions to the plan since the beginning of last year.

GM ended 1993 with unfunded pension liabilities of $22.3 billion, the largest of any U.S. corporation.

Last year, it infused $7.7 billion in cash, including $4 billion required as part of a deal with the Labor Department. An additional $1.8 billion in cash has been contributed so far this year.

“Our goal is to have our U.S. pension plans fully funded, on an ongoing economic basis, by yearend 1996,” GM treasurer Heidi Kunz said today.

The Labor Department announced Sunday that it had approved the stock contribution.