The CARES Act has given many health care pension funds short-term relief, but that could result in lower funded ratios, says S&P.
Tag: funded status
Record-low rates negate plans’ 15.66% investment return for the year.
Powered by investment gains, level increases a half-point to 86.1%
Funded level was 73% in fiscal 2018, helped by lower liability increases.
Funded ratio of 100 largest US corporate plans drops to 83.8% from 87.7%.
Funded rate of 100 largest DB corporate plans drops to 87.9% during month.
Funding level falls to 95% from 97%.
Unfunded liabilities nearly double in seven years to $21.2 billion.