New Report Finds Pension Funded Ratio Exceeds 91%

A new report, "Milliman analysis: Corporate pension funded ratio in September exceeds 91%, a level last observed in 2008" found that the funded status of defined benefit plans increased by $32 billion during September. The report states:

"The funded status of the 100 largest corporate defined benefit pension plans improved by $32 billion during September as measured by the Milliman 100 Pension Funding Index (PFI). The deficit dropped to $132 billion from $164 billion at the end of August, primarily due to a robust investment gain of more than 2% during September."

To read more, click here.