Pension plans sponsored by S&P 1500 companies have hit their highest funding levels since October 2008.
Funding ratios increased to 88 percent in June, up 14 percent since year-end 2012, according to a report from Mercer.
Further highlighting a positive six months for the sector, Mercer estimated 15 percent of plan sponsors had assets in excess of pension obligations as opposed to only 4 percent in December 2012.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.