US. Rising Discount Rates Drove Down Pension Liabilities in April
The largest U.S. corporate pension funds had a modest recovery in April, as rising discount rates reduced plan liabilities enough to offset a shaky stock market. The improvement followed a rocky first quarter, which suffered from a more severe equities downturn. The funded status of the largest 100 U.S. corporate pension plans grew by $3 billion during April, while the funding ratios of these plans increased to 102.9%, up from 102.7% in March, according to Milliman. The modest rise follows...
