In October, 100 of the nation’s largest DB plans experienced a $31 billion increase in asset value and a $28 billion increase in pension liabilities, according to Milliman Inc’s Pension Fund Index. The pension funding deficit decreased to $126 billion at the end of October.

 “We faced a frightening funded status at this time last year, with the discount rate reaching 3.96%, one of the lowest in the 13-year history of this study,” said John Ehrhardt, co-author of the Milliman Pension Funding Index. “Twelve months and $392 billion worth of improvement later, we are on track to end the year better than 90% funded.”

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