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Corporate Pensions’ Funded Status Fell in January

Public DB plans also faltered, BNY Mellon reports

By Michael S. Fischer, ThinkAdvisor | Updated on February 10, 2016

U.S. corporate pension plans’ funded status dropped by 3.8% in January to 79.7%, BNY Mellon reported Monday.

The S&P pension deficit of companies with defined benefit plans was also estimated to have increased by $83 billion to $411 billion over the month as assets fell to $1.6 trillion, and liabilities rose to more than $2 trillion, according to the BNY Mellon Institutional Scorecard.

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