Pensions
US Corporate Pensions Continue Funding Surplus in March
Funded status for U.S. defined benefit plans continues to push to all-time highs, according to several data trackers.
Interest rates and market volatility continue to pose a significant risk for many plans.
New data and economic forecasts predict a soft landing, but investors may need help navigating higher inflation and hard-to-predict costs.
For the top 8, including Mercer and BlackRock, last year marked an unaccustomed reversal of fortune, a study by Charles Skorina found.
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.
Kruse had worked at Willis Towers Watson for more than 15 years before joining Mercer in 2021.