June Marks First Decline in DB Plan Funded Status in Eight Months plansponsor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from plansponsor.com Daily Mail and Mail on Sunday newspapers.
Consultants say now is the time to evaluate interest rate and equity market risk strategies, as well as whether and how to take advantage of pension funding relief legislation passed in March.
Corporate Pension Funded Status Sees Slight Uptick in April
Pension plans still felt the effect of lower rates on liabilities, but strong equity markets helped the gain in assets outpace the gain in liabilities.
Reported by
The aggregate funded ratio for U.S. corporate pension plans sponsored by S&P 500 companies increased by an estimated 0.6 percentage points month-over-month in April to end the month at 92.9%, according to Wilshire.
The monthly change in funding resulted from a 2.2 percentage point increase in asset values partially offset by a 1.7 percentage point increase in liability values. The aggregate funded ratio is estimated to have increased by 6.1 and 12.6 percentage points year-to-date and over the trailing 12 months, respectively.