Pensions
US Corporate Pension Funding Nudges Higher in FY 2020
Asset returns of 13.4% offset plunging discount rates to lift funded levels to 88.4%.
Aggregate investment return of 11.72% wasn’t enough to counter falling interest rates.
Aggregate deficit of 100 largest defined benefit plans falls to lowest level since March.
Funded levels fluctuated from 85% down to 72% and back up to 82% during first six months of the year.
Asset gain of $308 billion in April-June period lifts estimated funded ratio to 71.2% from 66%.