Administration April 5, 2011
Pension Plan Funding Ratio Inches up in March
April 5, 2011 (PLANSPONSOR.com) - The funded status of the typical U.S. corporate pension plan in March inched up 0.5 percentage points to 88.5%, monthly statistics published by BNY Mellon Asset Management show.
Reported by Rebecca Moore
Although the gain in March was small, this was the seventh straight month of improvement, according to the BNY Mellon Pension Summary Report for March 2011 (see Pension Funding Continued Upward in February). So far this year, the funding ratio for the typical corporate plan has improved 4.2 percentage points.
Assets for the typical corporate pension plan were unchanged in March, as the 0.5% increase in U.S. equity markets was offset by a 2.2% decline in international developed markets. Liabilities decreased 0.5% during the month as the Aa corporate discount rate increased from 5.54% to 5.61%, the report noted.
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