Pensions
Multiemployer Pensions See Asset Surpluses for First Time
The funding ratio of U.S. defined benefit multiemployer plans reached 100% at the end of June, according to Milliman.
Investment losses dragged aggregate funded levels 12 percentage points lower in 2022.
The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.
Funded levels fluctuated from 85% down to 72% and back up to 82% during first six months of the year.
Funding shortfall for the plans increased by $51 billion during period.