"Funding levels of pension plans sponsored by S&P 1500 companies remained stable during the month of October, with a funded ratio (assets divided by liabilities) of 91% at the end of the month, equal to a month ago when it reached the highest level seen since October 2008. This funded ratio corresponds to a deficit of $185 billion as of October 31, 2013, up slightly from $182 billion a month ago according to Mercer. This is a significant reduction from the estimated deficit of $557 billion as of December 31, 2012."
No comments:
Post a Comment
Please be aware that all comments are moderated before posting. As a result, there may be a delay between the time you submit a comment and when it is posted.