UK Defined Benefit Plans’ Deficit Shrinks
Reports from Pension Protection Fund and Mercer show improved DB funding.
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.