
Pensions
Largest Corporate Pension Plans Add $22 billion in May
The funded status of the 100 largest corporate defined benefit pension plans continued rebounding from Q1 drop.
Returns for the 100 largest U.S. public plans during the month ranged from a loss of 1% to a gain of slightly more than 1%, per Milliman.
The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
The 100 largest corporate DB plans in the U.S. saw their collective funded ratio rise to 100.7% in May.
Goldman’s Michael Moran warns against complacency and issues some warnings.