Record-low rates negate plans’ 15.66% investment return for the year.
Powered by investment gains, level increases a half-point to 86.1%
Funded rate of 100 largest DB corporate plans drops to 87.9% during month.
The 100 largest US public DB plans saw a $50 billion rise in funding during the quarter.
The funded status of the 100 largest corporate DB plans edged higher to 88% in June.
Third-largest monthly decline lowers funded ratios to 87.9%.
Funding shortfall for the plans increased by $51 billion during period.
Improvement boosted by strong investment returns during the month.
Funded levels increase despite worst asset performance in a decade.
The 100 largest corporate DB plans gain $20 billion in February.
January effect helps boost asset returns and funded levels.