The typical U.S. corporate pension plan saw its funding leveldrop to 84.2 percent in August.

Public plans, endowments and foundations weren’t happy campers,either, as they too were caught up in market volatility.

According to BNY Mellon Fiduciary Solutions, the funded statusof the typical U.S. corporate pension plan fell 2.5percentage points, thanks to asset values that fell faster thanliabilities, benefiting from widening credit spreads.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • 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 events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.