Tag: funded status
The stickler for a conventional investing style talks about his start in the business.
The fully funded pension program has a strict policy of staying that way, but the inflation adjustment currently can go no lower than 0.5%.
Asset gain of $308 billion in April-June period lifts estimated funded ratio to 71.2% from 66%.
The CARES Act has given many health care pension funds short-term relief, but that could result in lower funded ratios, says S&P.