The funding levels of pension plans sponsored by S&P 1500 companies jumped to 91 percent in September, its highest point since October 2008, Mercer said Thursday.
The deficit stood at $182 billion at the end of September, a far cry from the estimated $557 billion deficit at the end of 2012.
Despite volatility amid concerns about a government shutdown, equity markets saw gains during the month, with the S&P 500 index increasing 3 percent.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO 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? Sign In
© 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.