The estimated aggregate funding level of pension plans sponsored by S&P 1500 companies fell by 1 percent to 82 percent in November, thanks to mixed equity markets and increasing rates.
According to global consultant Mercer, as of November 30, the estimated aggregate deficit of $397 billion increased by $11 billion, when compared with levels at the end of October. Funded status is now up by $107 billion from the $504 billion deficit measured at the end of 2014.
The S&P 500 index stayed flat and the MSCI EAFE index dropped 1.7 percent in November. Typical discount rates for pension plans as measured by the Mercer Yield Curve increased to 4.18 percent.
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