Pensions
Funded Status of U.S. Corporate Pension Plans Rose Again in June
Aggregate surpluses rose to $114 billion in June from $102 billion in May, Mercer reports.
How higher interest rates are changing the investment objectives of fully funded pension funds.
July sees fourth consecutive month of improved U.S. corporate pension funding.
However, funded levels are likely to be lower in March as Russia’s invasion of Ukraine roils markets.