Gavin Newsom’s plan for the two largest US pension plans allocates more than $7 billion to reduce their unfunded liability and help California school districts with their contributions to pension costs.
Tag: funded status
Aggregate deficit of PPF 7800 balloons to £107.7 billion as funding level drops 4.1%.
The best third is 90% funded, and the worst third is at 55% and falling, a new study says.
The 100 largest company pension plans gained $21 billion in September.
Aggregate deficit of nearly 5,600 plans plunges more than 65% in August.
Increased discount rates, global equity returns generate uptick in the ratios for plans in the index.
An increase in equity markets boosted corporate pensions’ funded status to 91%.
Contributions and lackluster returns outweighed by benefits payments.
Aggregate funded level of 5,588 pensions increased 5.6% over the past 12 months.
Although liabilities climb, shortfalls shrink by $58 billion.
Report shows pensions’ funding ratio increased 2% in April.
Consultant JLT suggests plans de-risk following monetary policy discussions, regulator warnings.
Report says sponsors must be aware of three new kinds of risk.
Report suggests states assume annual returns of 6.5% for the next decade.