Moody's Investors Service has now weighed in on what many in the pension industry have been saying lately: defined benefit funding levels are dropping, and quickly.
In its bi-weekly credit outlook publication, the ratings agency estimated that corporate pension funding levels fell a full 8 percent in 2014, to 78 percent.
In terms of dollars, that equates to an aggregate of $201 billion in increased underfunding, according to the agency.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
