X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Pension plans sponsored by S&P 1500 companies saw a $41 billion drop in their pension deficits in October, according to Mercer. The deficit went from about $512 billion at the end of September 2011 to $471 billion at the end of October. Pensions were funded at a ratio of 75 percent as of Oct. 31, compared to a funded ratio of 72 percent at the end of September and 81 percent on Dec. 31, 2010.

The increase in funded status was driven by an 11 percent gain in equities, partially offset by the continued decrease in yields on high-quality corporate bonds during October. Discount rates for the typical U.S. pension plan decreased approximately 15 basis points during the month. Mercer’s analysis indicates the S&P 1500 funded status peaked at 88 percent at the end of April, and had seen a 16 percent decline before rebounding this past month.

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.