The liability increase of 0.7% moved the year-to-date returns to 3.28%. This helped spur a massive movement in the 2003 asset/liability ratio, which now stands at 7.68% year-to-date from 13.57% last month (See Ryan: Liabilities Widen August’s Funding Gap ), according to data from Ryan Labs.
Since December 1999, the asset-to-liability growth rate difference (pension deficit) is now -60.15%, suggesting funding ratios below 60% for most pensions. Ryan’s data is based on roughly $200 billion in assets tracked in its Custom Liability Index system.
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