COVID-19 pandemic hits DB plans’ funding levels
Posted On: Dec. 3, 2020 10:01 AM CSTMike Moran, chief pension strategist at Goldman Sachs Asset Management LP, has said the COVID-19 pandemic reduced defined benefit plan funding levels, Plan Sponsor reports. According to Mr. Moran, defined benefit plan funded levels are down about 2% year-to-date, in general, despite equities bouncing back since the market crash in March.