As the calendar turned from 2017 to 2018, we observed a strongequity market rally, the most significant overhaul of the corporatetax system in a generation, and a strong economy withsimultaneously low unemployment and low inflation. We also observedrising interest rates coupled with a new Federal Reserve chairmanappointed by President Trump. And, early in the year, weexperienced significant capital market volatility.

Many pension plans in the United States have emerged from thiseconomic environment with improved funded status. In fact, theaggregate funded status of pensions at the nation's largestcompanies is currently at its highest level since 2013. (See Figure1, below.)

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • 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.
NOT FOR REPRINT

© 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.