Despite being a terrible month for the earnings of corporate pensions, experts say … it could have been worse.

According to the Milliman 100 Pension Funding Index, the funded status of the 100 largest corporate defined benefit pension plans dropped by $90 billion in May.

Liabilities increased by $60 billion and investment losses totaled $30 billion, pushing the PFI funded status deficit to $357 billion from $267 billion at the end of April.

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