Pension liabilities of the 100 largest corporate defined pension plans decreased by $28 billion in November, while assets increased by $5 billion, according to new data by Milliman.
That brings the Milliman 100 Pension Funding Index funded status deficit to $466 billion and a 74 percent funded ratio.
November's funded status improvement was primarily due to an increase in the corporate bond interest rates that are the benchmarks used to value pension liabilities. As of Nov. 30, 2012, the funded ratio climbed to 74 percent, up from 72.6 percent at the end of October 2012.
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