Rising equities were offset by a falling discount rate during the month.
Tag: S&P 1500
An increase in equity markets boosted corporate pensions’ funded status to 91%.
Aggregate pension debt drops by $9 billion, but combined S&P 1500 debt is still more than $2 trillion.
Discount rates up 18 basis points.
Discount rates decreased by 3.56%.
Pensions' funded status reaches highest levels since 2015.
S&P 500 up 0.05%, while MSCI EAFE down 0.31%.
Aggregate deficit is up $8 billion from the $408 billion measured at the end of 2016.