The nation's 100 largest defined benefit pension plans collectively experienced a $30 billion improvement in pension funding this year, according to a new survey.
Milliman, Inc., a Seattle-based consulting and actuarial firm, released this finding from the results of its latest Pension Funding Index, which consists of 100 of the nation's largest defined benefit pension plans.
The survey attributes the $30 billion funding improvement to asset performance in January, which reduced the pension funding deficit to $434 billion. The strong month follows a lost year in which interest rates drove the pension funding deficit to historic levels, Milliman says.
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