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BNY Mellon credited the June improvement to strong equity markets in the U.S., which rose 3.9%, and in developed international markets, which increased 7%. These strong performances resulted in a 2.7% gain in assets at the typical U.S. corporate pension plan, according to the report. Liabilities for the typical corporate plan rose 0.1% in June, as the Aa corporate discount rate remained unchanged at 3.98%, BNY Mellon said.
BNY Mellon credited the June improvement to strong equity markets in the U.S., which rose 3.9%, and in developed international markets, which increased 7%. These strong performances resulted in a 2.7% gain in assets at the typical U.S. corporate pension plan, according to the report.
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