The Democratic Party is vowing to expand Social Security benefits and will fight any attempt to roll back the Department of Labors fiduciary rule.

Mercer had already put a 3 percent drop in funded status among the plans of S&P 1500 companies down to Brexit, and Millimans latest pension funding index chalked up that $46 billion drop primarily to a $54 billion increase in pension liabilities.

Beginning in 2017, the Department of Labor will adjust the new ERISA Title I penalty amounts annually for inflation no later than Jan. 15.