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The funded status deficit of the 100 largest corporate defined benefit (DB) pension plans increased by $15 billion in April, according to the Milliman 100 Pension Funding Index (PFI).

Milliman speculates that the $258 billion deficit at the end of April is due largely to a drop in the benchmark corporate bond interest rates used to value pension liabilities. Asset improvements helped to partially offset the full extent of liability increases.



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