Funding of big corporate pension plans slips in November: Milliman
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The funded status of very large pension plans sponsored by public companies slipped in November as falling interest rates, which increased the value of plan liabilities, more than offset investment gains, according to a Milliman Inc. survey released Thursday.
Defined benefit plans offered by U.S. employers with the 100 largest pension programs were an average of 84.6% funded as of Nov. 30, down 84.8% as of Oct. 31.
At the end of November, the plans had $1.485 trillion in assets and $1.756 trillion in liabilities, resulting in a funding deficit of $271 billion, up from $263 billion at the end of October.
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