S&P 1500 Pensions’ Funded Status Rises 1% in September
Pensions' funded status reaches highest levels since 2015.
Pensions' funded status reaches highest levels since 2015.
Nearly 80% of all respondents are now contributing more than the minimum level of funding to their DB plans, survey says.
Mercer says decline may be due to uncertainty over Brexit negotiations.
S&P 500 up 0.05%, while MSCI EAFE down 0.31%.
Interest rates still “40 basis points above 2016 lows.”
Reports from Pension Protection Fund and Mercer show improved DB funding.
Report cites empty promises from Social Security, DB programs as the cause.
Aggregate deficit is up $8 billion from the $408 billion measured at the end of 2016.
Inaugural survey revealed high level of dissatisfaction with the pension fund.
At 83% funded, May levels on par with rest of 2017, but down from 2016.
Mercer report indicates estimated aggregate deficit in April increased by $1 billion over March’s numbers.