Pensions are "a two-sidedgame." (Photo: Shutterstock)

Large sponsors of single-employer defined benefit pension plans saw a negligibleimprovement in aggregated funded status in 2019, from 86 percent to87 percent, despite a banner year for returns in equitymarkets.

That's because yields on the corporate bond rate used to assessfuture liabilities dropped by nearly 100 basis points,from 4.19 percent to 3.21 percent, a historical low that in turnsubstantially raised the value of future liabilities.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.