May was a good month for pension funding ratios, although the details vary depending on the source.

According to Wilshire Consulting, for example, the aggregate funded ratio for U.S. corporate pension plans increased nearly one percentage point, to 84.9 percent. The increase of 0.9 percent was due to a larger decrease in liabilities than the decrease in asset values.

The picture from the BNY Mellon Investment Strategy and Solutions Group (ISSG) was even rosier, with the group’s estimate of the increase in funded levels at 1.5 percent to 91.6 percent. However, ISSG said that public plans, foundations, and endowments missed their targets for the month, with flat markets failing to increase the value of their assets.

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