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Compass
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Corporate Pensions Crawl Toward 'Full Funding' in May, at 98.8% Funded
Milliman June 7, 2021 "During May, the market value of assets ... improved by $16 billion thanks to a strong 1.24% investment gain. The gains were offset, however, by an increase in liabilities due to a 4 basis-point drop in the monthly discount rate, from 2.98% to 2.94% as of May 31. Overall, corporate pension funding improved by $8 billion for the month, and the funded ratio inched up from 98.4% at the end of April to 98.8% as of May 31." |
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