The nations largest corporate defined benefit pension plans continue to experience woes as their collective funding statuses dwindle due to unsavory interest rates.
In its October Pension Funding Index report, Milliman, a consulting and actuarial firm, stated that the $14 billion increase in total assets were offset last month when liabilities increased to $22 billion for 100 of the countrys largest DB plans sponsored by U.S. public companies. This group saw its funding status decrease by 0.3% over the past month to 84.8%.
