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

Pension plan funding dips in April

Pension plan funding dips in April

Hit by sliding interest rates, which boosted plan liabilities, the funded status of very large pension plans sponsored by public companies slipped in April, according to a Milliman Inc. survey released Monday.

Benefits dashboard

A Business Insurance guide to the latest requirements for FSAs, HSAs, employer pension plans, wellness and more

Defined benefit plans offered by U.S. employers with the 100 largest pension programs were an average of 77.1% funded as of April 30, down from 78.1% as of March 31.

“As we've seen so many times, interest rates are driving the funded status for these 100 pensions,” Zorast Wadia, a Milliman principal and consulting actuary in New York, said in a statement.

At the end of April, the plans had $1.381 trillion in assets and $1.792 trillion in liabilities, resulting in a funding deficit of about $411 billion, an increase of about $25 billion compared to the end of March.

Read Next