Tag: Funded Ratio
Market downturn could be the final straw for struggling public pension plans.
Retirement systems will struggle with meeting their required contribution targets, Pew report says.
The funded ratio of the 100 largest US plans fell to its lowest level in over three years.
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
But market volatility caused by the coronavirus threatens to erase some of the gains.
Deficit for UK defined benefit plans fell to £71.1 billion.
The funded status of the 100 largest corporate DB plans edged higher to 88% in June.