April was a better month for the 100 largest U.S. corporate pension plans, with their funded status rising to 82.6% from 80.9%.
Someone once said April is the cruelest month, but for these pensions last month was less cruel than what happened over the course of the first quarter, said John Ehrhardt, co-author of the Milliman 100 Pension Funding Index. Were still a long ways away from full funded status, but the slight rise in interest rates at least moved things in the right direction to start the second quarter of 2015.
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