Corporate pensions’ funded status improved by $25 billion inJune, according to Milliman Inc., on rising interest rates.
In spite of a $10 billion investment loss, the Pension FundingIndex, which analyzes the 100 largest corporate defined-benefitplans, found a $35 billion liability reduction actually reduced thedeficit to $186 billion from $211 billion at the end of May2011.
"Normally when assets decline we're in for a fall in pensionfunded status, but not this month," John Ehrhardt, co-author of theMilliman Pension Funding Study, said in a press release. "In factit's a rare combination: a funded status improvement driven byliabilities and in spite of a decline in assets.”
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
