Corporate pension plan funding levels saw major growth in 2013

Published 2 Min Read

Rising interest rates and a strong stock market contributed to a strong year for defined benefit plans, according to recent research from Towers Watson, with pension plan funding levels rising  by 16% last year, the highest level since 2007.

At the end of 2013, aggregate pension funded status was projected to hit 93%, a large gain over 2012’s 77%. However, this is still below 106% in 2007. Since 2012, overall pension plan funding grew by $285 billion, with a $99 billion deficit.

Amanda McGrory-Dixon

Amanda McGrory-Dixon is a freelance writer based in Denver, Colorado.


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