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US Corporate Pension Funding Nudges Higher in FY 2020 | Chief Investment Officer


Asset returns of 13.4% offset plunging discount rates to lift funded levels to 88.4%.
Robust returns of 13.4% for the 100 largest corporate pension plans in the US offset a 67-basis-point drop in the discount rate to raise the plans’ funded ratio to 88.4% last year from 87.5% at the end of 2019, according to consulting firm Milliman’s “2021 Corporate Pension Funding Study.”  
The funded levels rebounded strongly during the second half of the year after the bottoming out at 81% in July.
“Corporate pensions demonstrated their resilience in 2020 amidst a turbulent year of market volatility, declining discount rates, and employer stressors,” Zorast Wadia, co-author of Milliman’s Pension Funding Study, said in a statement. “With a possible end in sight to the pandemic, and funding relief such as the CARES [Coronavirus Aid, Relief, and Economic Security] Act and now the American Rescue Plan Act of 2021 [ARPA], the outlook for these plans is much better than ....

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Dow Employees Pension Plan Trust (Dow Retirement Group Trust) - Corporate Pension, United States

Dow Employees Pension Plan Trust (Dow Retirement Group Trust) - Corporate Pension, United States
swfinstitute.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swfinstitute.org Daily Mail and Mail on Sunday newspapers.

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Abbott Laboratories Annuity Retirement Plan (Abbott Laboratories Annuity Retirement Plan) - Corporate Pension, United States


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