"Discount rates rose slightly in December, and not surprisingly, ended the year almost two times higher than the beginning of the year.... For those plans that were not well hedged from an interest rate perspective, 2022 may rank as one of the largest increases in funded status in the history of the plan. As evidenced by the table above, liabilities shrank by anywhere from 21% (shorter-duration liabilities) to a whopping 31% (FTSE full Pension Liability Index)."  MORE >>