The aggregate deficit in pension plans sponsored by S&P 1500 companies decreased by $4 billion during April, according to new figures from Mercer, a global HR consulting firm.
The plans improved from a deficit of approximately $213 billion as of March 31 to $209 billion as of April 30, continuing a run of monthly improvements dating back to September, 2010. This deficit corresponds to an aggregate funded ratio of 88% as of April 30, compared to a funded ratio of 81% in December 31, 2010.