In May, pension assets were up 2.58% while liabilities decreased 0.20%, following up a positive asset return in May and April. For the year, assets have outperformed liabilities by 2.28%, according to data supplied by Ryan Labs, the specialist fixed income research and asset management firm that manages bond portfolios tailored to match plans’ liability profiles.
Since December 1999, the cumulative Asset/Liability deficit is now at -45.35% suggesting funding ratios below 60% for most pensions.