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January 2015 Interest Rates Reach a Record Low of 3.38% with Abysmal Effect on Pension Funding (PDF)
MillimanLink to more items from this source
Feb. 5, 2015

"The funded status of the 100 largest corporate defined benefit pension plans dropped by $90 billion during January ... the eighth largest monthly drop in the 15-year history of the Milliman 100 PFI. The funded status deficit ballooned to $382 billion from $292 billion at the end of December 2014 due to the 42 basis point decline in the benchmark corporate bond interest rates used to value pension liabilities. Pension assets had a monthly above-expected return due to strong fixed income asset return and this helped to counter liability losses. As of January 31, the funded ratio decreased to 79.6%, down from 83.5% at the end of December 2014. The previous sub-80% PFI funded ratio was in December 2012."

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