Pensions
Corporate Pension Funding Levels Skyrocket in February
A majority of the largest U.S. corporate pensions are at their highest levels in decades, according to a number of pension trackers.
A rise in discount rates helped most statuses increase last month, according to multiple pension trackers.
Funded levels for US public pension funds rose nearly 2 percentage points to 78.2% during the second quarter.
Funded levels for 255 S&P 500 plans reach their highest level since the Great Financial Crisis, Wilshire reports.
Lawrence Miller’s hire comes just three months after Wilshire Advisors was hit by a cyber attack.
Strong performances from all major asset classes leads to seventh quarter in a row of positive gains.