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.
Funding levels improving, but market volatility left some scars.
Investment performances miss mark for third time in 10 years.
Unaligned incentives of board members are being blamed for state pension funds’ financial woes.
Aggregate deficit falls $12 billion to $108 billion.
Contributions and lackluster returns outweighed by benefits payments.