The funded status of the nation’s largest defined benefit pension plans improved by $16 billion in March, according to a new analysis by Milliman. This increase is primarily due to a rise in corporate bond interest rates that are used to value pension liabilities.
The largest U.S. pension plans experienced no asset growth in March, but did see liabilities decrease by $16 billion. The deficit in these pension plans decreased to $172 billion in March from $188 billion at the end of February.