Link: https://www.ai-cio.com/news/us-corporate-pension-funded-ratio-climbs-89-8-january/
Excerpt:
The funded ratio of the 100 largest corporate defined benefit (DB) pension plans improved to 89.8% at the end of January from 88.1% at the end of December as their aggregate deficit fell below $200 billion for the first time in more than a year, according to consulting firm Milliman.
With the help of a 16 basis point (bp) increase in the monthly discount rate to 2.62% from 2.46%, the plans’ funding improved by $39 billion in January as their aggregate deficit declined to $196 billion from $235 billion due to liability gains incurred during the month.
Author(s): Michael Katz
Publication Date: 17 February 2021
Publication Site: ai-CIO