Pensions
November Sees Another Gain in Corporate Pension Funded Status
If December can keep up the relatively strong results this year, defined benefit plan funded status may finish in the black for 2024.
Interest rates and market volatility continue to pose a significant risk for many plans.
Positive asset returns, combined with rising bond yields, helped boost pension funds’ solvency.
However, funded levels are likely to be lower in March as Russia’s invasion of Ukraine roils markets.