Rising equity markets and falling liabilities in December pushed the funded status of the typical U.S. corporate pension plan into positive territory in 2012, according to BNY Mellon Investment Strategies & Solutions Group.
The funded status for the typical plan increased 1.9 percentage points to 76.3 percent in December. For the year, the funded status was up 1 percentage point, according to the BNY Mellon Pension Summary Report for December 2012.
Assets for the typical plan in December rose 0.9 percent as equities markets climbed. Liabilities fell 1.7 percent as the Aa corporate discount rate rose 13 basis points to 3.89 percent, the report said.
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