X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The funded status of the typical U.S. corporate pension plan fell 2.3 percentage points in May to 86.9 percent, erasing nearly half of the gains achieved since the beginning of the year and ending an eight-month period of steady improvement, according to monthly statistics published by BNY Mellon Asset Management.    

“The sudden reversal in May reflected the impact of lower Treasury yields as investor concern grew regarding the European sovereign debt situation,” said Peter Austin, executive director of BNY Mellon Pension Services in a statement. “We have experienced a very good run in funded status improvement since August 2010, and many plan sponsors were turning their attention to establishing asset allocation targets based on continued improvement in plan funding levels.”  

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com 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?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.