The funded status of the 100 largest corporate defined benefit pension plans improved by $106 billion in January.
This was the second-largest monthly funded status improvement since Milliman began its 100 Pension Funding Index 12 years ago.
According to Milliman, the $74 billion funded status decline in 2012 was wiped out and bettered by $32 billion and the deficit was reduced to $305 billion from $411 billion at the end of December 2012. The reduction was caused to a rise in the benchmark corporate bond interest rates used to value pension liabilities.
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.
