Strong recovery amid pandemic produces small gain in funding
Photo: AJ Kane
Tom Meyers said 2020 allowed plans to see a full cycle in a short period of time and adjust as needed.
Despite a 71-basis-point drop in the average discount rate contributing to a 7.7% rise in aggregate liabilities,
Pensions
&
Investments annual analysis of SEC filings showed a 1-percentage-point increase in the average funding ratio of the 100 largest U.S. corporate defined benefit plans in 2020. If you didn t know what happened in between, you wouldn t have seen too much change year-over-year from 2019 to 2020, with funded status ending right around where it started. But a lot did happen, said Tom Meyers, executive director and head of Americas client solutions at Aviva Investors Americas LLC in Chicago.
Strong recovery amid pandemic masked by 1-point hike in funding
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