BOSTON, April 5, 2011 /PRNewswire/ — The funded status of the typical U.S. corporate pension plan in March inched up 0.5 percentage points to 88.5 percent, according to monthly statistics published by BNY Mellon Asset Management.
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. 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 percent increase in U.S. equity markets was offset by a 2.2 percent decline in international developed markets, according to the report. Liabilities decreased 0.5 percent during the month as the Aa corporate discount rate increased from 5.54 percent to 5.61 percent, the report noted.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
