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For the month of November, pension funding ratios declined by 1.4 percentage points from 105.5% to 104.1%, while assets increased by 5.1% and liabilities increased by 6.5%, according to Insight Investment, reports Plansponsor. During November, the average discount rate fell by 55 basis points to 5.05% in November from 5.61% in October. For the year to date, increases in pension discount rates have helped the funded status of pension plans.
1. Hackers leak stolen data from Change Healthcare on dark web
2. UnitedHealth estimates $1.6 billion loss from Change cyberattack
3. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
4. UnitedHealth reports significant data breach; personal health info compromised
5. Illinois House passes governor’s 'Healthcare Protection Act’
6. VillageMD faces lawsuit over alleged data sharing with third parties