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COVID-19 Takes Bite Out of U.S. Corporate Pension Plans
Willis Towers Watson Apr. 3, 2020 "The funded status of the nation's largest corporate pension plans fell by eight percentage points during the first quarter of 2020, driven primarily by declines in equity markets ... [P]ension plan data for 376 Fortune 1000 companies ... indicate the aggregate pension funded status is estimated to be 79% as of March 31, 2020, compared with 87% at the end of 2019. That's the lowest funded status plans have experienced since 2012, when the year-end funded status stood at 77%." |
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