Largest Pensions Face $95B Asset Loss in November

December 12, 2008 ( - In November, pensions in the Milliman 100 Pension Funding Index surrendered a total of $95 billion, after adjustment for liability increases.

According to a press release, funding for 100 of the nation’s largest defined benefit pension plans dropped to 84.7%, an almost 20% decline from the funded ratio at the beginning of the year. The $95 billion loss in November far exceeds the “record” $59 billion asset loss Milliman reported for October (See 100 Largest Pensions Face Record Loss in October ).

Assuming no return and stable discount rates for the rest of the year, these pensions are on pace to reach an 84.1% funded ratio by December 31, the press release said, as well as a pension deficit of $180 billion and an annual surplus loss of $241 billion.

More Milliman 100 information is here .