
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.
Record-low rates negate plans’ 15.66% investment return for the year.