Administration April 5, 2011
Pension Plan Funding Ratio Inches up in March
April 5, 2011 (PLANSPONSOR.com) - The funded status of the typical U.S. corporate pension plan in March inched up 0.5 percentage points to 88.5%, monthly statistics published by BNY Mellon Asset Management show.
Reported by Rebecca Moore
Although the gain in March was small, this was the seventh straight month of improvement, according to the BNY Mellon Pension Summary Report for March 2011 (see Pension Funding Continued Upward in February). So far this year, the funding ratio for the typical corporate plan has improved 4.2 percentage points.
Assets for the typical corporate pension plan were unchanged in March, as the 0.5% increase in U.S. equity markets was offset by a 2.2% decline in international developed markets. Liabilities decreased 0.5% during the month as the Aa corporate discount rate increased from 5.54% to 5.61%, the report noted.
You Might Also Like:
Julie Su’s Nomination for Secretary of Labor Passes Senate Committee
The vote was held in a closed session and advanced by a party-line vote; meanwhile, the Senate committee chaired by...
Benefits |
The Factors at Play in IBM’s Shift to a Cash Balance Plan Reviewed
IBM’s move away from the 401(k) match leads industry experts to evaluate the shortcomings of defined contribution plans in providing...
Benefits |
US Corporate Pension Funding Rises Despite September Market Challenges
Equity losses for the month were offset by the largest single-monthly decline in liability value this year.
« TRIVIAL PURSUITS: Who Issued the Second Presidential Veto?