The funded status of the 100 largest corporate defined
benefit pension plans increased by $14 billion during June as measured by the
Milliman 100 Pension Funding Index (PFI). The deficit fell to $252 billion from
$266 billion at the end of May, due to investment gains. As of June 30, the
funded ratio rose to 85.3%, up from 84.5% at the end of May. However, the
funded ratio has still declined from 88.3% as of December 31, 2013. June was
the first month in 2014 when discount rates increased, but only by 0.02%.
Fortunately, the strong year-to-date asset performance has mitigated deeper
funded status erosion.
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Source: Milliman
US
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