Falling Discount Rates Send Corporate Pension Funding Tumbling
Funded ratio of 100 largest US corporate plans drops to 83.8% from 87.7%.
Tag: Funded Status
US Corporate DB Pension Funding Falls $11 Billion in July
Funded rate of 100 largest DB corporate plans drops to 87.9% during month.
UK DB Plans’ Deficit Widens to £90.7 billion in July
Funding level falls to 95% from 97%.
Exclusive with South Dakota CIO Matt Clark: The Secrets of a Top-Funded Plan
The six legs of the marathon to the top quartile club.
Connecticut State Pension Funding Level Falls to 38%
Unfunded liabilities nearly double in seven years to $21.2 billion.
Risk
Oregon PERS Keeping Assumed Rate at 7.2%
Past returns over five years are lower, at 6.5% annually. The fund cites investing uncertainty in standing pat.
Research
Canadian DB Plans Flat in Q2 Despite Strong Returns
Falling bond yields prove too much for robust asset gains.
Many Pensions Still Struggling After the Great Recession
New Pew study finds many institutional investors are reporting declining funded ratios since 2009.
Texas Teachers Closer to Getting a Boost from State
New legislation seeks to shore up fund, give one-time check to retirees.
US Corporate Pensions’ Funded Level Rises to 92.6%
The 100 largest corporate DB plans gain $20 billion in February.
The Ontario Health Pension Turns in 2% Return for Tough 2018
Fund’s performance last year was driven by active management decisions.
Canadian Multi-Employer Pensions Fall from Fully Funded in Q4
Funded level of Segal Group model falls to 95% from 102%.
Market Moves
Dutch Pensions Felt Major Pain in Q4
Average funding ratios fell by seven percentage points, amid down December.
Newsmakers
New California Governor Aims to Cut CalPERS, CalSTRS Debt
Gavin Newsom’s plan for the two largest US pension plans allocates more than $7 billion to reduce their unfunded liability and help California school districts with their contributions to pension costs.
Regulation
New Mexico Considers New Solvency Proposal
Proposes three-year suspension on COLA adjustments to help attain 100% funded status by 2043.