February was not kind to pension funding status.
Mercer reported that the estimated aggregate funding level of pension plans sponsored by S&P 1500 companies decreased by one percent to 78 percent as of February 29, as a result of negative equity markets and a decrease in discount rates.
In addition, Milliman found that the funded status of the 100 largest corporate defined benefit pension plans dropped by $35 billion as measured by the Milliman 100 Pension Funding Index (PFI).
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