Thanks to surging bond yields, the aggregate funded ratio of the PPF 7800 rose to 120.1% in June, up from 106.5% a year ago.
Tag: funded level
Increasing funding levels are expected to spur another big year for pension risk transfers.
Market downturn could be the final straw for struggling public pension plans.
The total deficit for the plans is nearly halved as the funded ratio climbs to 98%.
Total deficit for private sector DB plans shrinks 41% over the past year.