Corporate pension plans didn't see much good news in the month of April.
According to Wilshire Consulting, U.S. corporate pension plans' aggregate funded status fell by 0.1%, ending the month at 77.8% and bringing its year-to-date decline to 3.6%. The monthly change in funding, Wilshire said, was the result of offsetting increases in asset and liability values, while the year-to-date decrease was attributed to increasing liability values.
S&P 1500 companies saw a bigger drop, according to consultant Mercer, falling by one percent to hit 78% as of April 30. Mercer added that as of April 30, the estimated aggregate deficit of $504 billion rose by $12 billion, compared with the end of March. Funded status, it added, is now down by $100 billion from the $404 billion deficit measured at the end of 2015.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
