The typical U.S. corporate pension plan saw its funded status decline in September, for the third consecutive month.
According to BNY Mellon Fiduciary Solutions, corporate plans' funded status fell by 2.4 percentage points to 81.8 percent.
This latest loss means that those plans are now down for the year to date, according to BNY Mellon. In addition, declining asset values meant that public plans, foundations, and endowments also failed to meet their targets.
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