BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Large-employer pension funding rebounded in October


Fueled by gains in the equity markets, the funded status of pension plans sponsored by large employers jumped in October, according to a Mercer L.L.C. analysis released Tuesday.

On average, pension plans sponsored by companies in the S&P 1500 were 83% funded as of Oct. 31, up from 79% funded as of Sept. 30 and 81% as of Aug. 31.

“October was welcome relief after three straight months of declines,” Matt McDaniel, a partner in Mercer's Philadelphia office said in a statement.

In the aggregate, the Mercer analysis found that the plans' funding deficit fell by $71 billion in October, to $386 billion.

In all, the plans had $1.82 trillion in assets and $2.21 trillion in liabilities at the end of October.

Read Next