The funded status of U.S. corporate pensions fell during the month of July, according to two different sources, with increasing liabilities pushing them down.
The BNY Mellon Investment Strategy and Solutions Group (ISSG) said that the typical U.S. corporate pension plan fell by 1.1 percent to 86.7 percent for the month, while Wilshire Consulting noted a 70-basis-point drop in the aggregate funding ratio that brought plans to 86.1 percent—exactly the same as Wilshire noted it was in July of 2014.
Wilshire said that liabilities rose by 1.8 percent, while asset values only gained a single percent.
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