The funded status of the 100 largest corporate defined
benefit pension plans improved by $26 billion during September as measured by
the Milliman 100 Pension Funding Index (PFI). The deficit dropped to $253
billion from $279 billion at the end of August, primarily due to an increase in
the benchmark corporate bond interest rates used to value pension liabilities.
As of September 30, the funded ratio rose to 85.2%, up from 84.1% at the end of
August. The projected benefit obligation (PBO), or pension liabilities,
decreased by $45 billion during September, lowering the Milliman 100 PFI value
to $1.709 trillion from $1.754 trillion at the end of August.
Source: Milliman
USA
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