Pensions
Corporate Pension Funding Ratios Hit Highest Level Since 2007
Asset surpluses of the largest corporate defined benefit plans continued to surge in September.
In the two days after the U.S. announced new tariffs, the plans lost almost their entire C$18.4 billion surplus.
The accounting firm admitted to errors in a 2020 risk analysis, significantly disrupting the Pennsylvania education workers’ plan.
Attorney General Dave Yost accused the members of breaching their fiduciary duty to the fund.
A rise in discount rates helped most statuses increase last month, according to multiple pension trackers.