Loren D. Stark Company
Randall & Hurley, Inc.
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|January 2015 Interest Rates Reach a Record Low of 3.38% with Abysmal Effect on Pension Funding (PDF)|
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."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|