Pension Funding Increased Significantly in 2013

In “Corporate Pension Plan Funding Levels Increased Sharply in 2013, Towers Watson Analysis Finds,” Towers Watson reported that funded status for large pension plans increased substantially in 2013. The article indicated that:

“The pension funded status of the U.S.’s largest corporations jumped by 16 percentage points in 2013, year-end analysis shows. Researchers at Towers Watson ascribe the growth mainly to higher stock market returns and rising interest rates. In developing the analysis, researchers examined pension plan data for the 418 Fortune 1000 companies that sponsor qualified defined benefit (DB) pension plans and have a fiscal year ending in December.”

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