Pensions
Corporate Pension Funding Levels Skyrocket in February
A majority of the largest U.S. corporate pensions are at their highest levels in decades, according to a number of pension trackers.
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.
A rise in discount rates helped most statuses increase last month, according to multiple pension trackers.
The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
Milliman index shows that insurers’ appetite for interest-rate risk may be waning.
The 100 largest public plans saw an aggregate investment loss of 1% during the month.
The 100 largest corporate DB plans in the U.S. saw their collective funded ratio rise to 100.7% in May.