A news release said the funded pension ratio decreased from 75.3% to 75%.
Over the last 12 months, the cumulative asset return has been 9.12% and the funded status has fallen by $68 billion. For these 12 months, the funded ratio of the Milliman 100 companies has fallen from 93.8% to 75%, the announcement said.
“We’ve seen six months and counting of pension funding declines,” said John Ehrhardt, co-author of the Milliman 100 Pension Funding Index, in the news release. “This month, though, we saw a reversal of the recent pattern, with the decline driven by a reduction in assets rather than by an increase in liabilities, as has been the case for several months prior.”