Actuarial firm Milliman blames the 3 percent drop in funded status among S&P 1500 companies' plans on Brexit. (Photo: iStock)

Reports continue to relate the fall in funded status of U.S. corporate pensions, with Milliman Inc. reporting a $46 billion decrease in June — thanks likely to Brexit — and the BNY Mellon Institutional Scorecard reporting a 4.0 percent surge in liabilities during the month, along with heightened volatility.

Mercer had already put a 3 percent drop in funded status among the plans of S&P 1500 companies down to Brexit, and Milliman’s latest pension funding index chalked up that $46 billion drop primarily to a $54 billion increase in pension liabilities. Investment gains, Milliman said, partially helped to offset the funded status decline.

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