The funded status of pension funds slipped for the first time in nine months.
The funded status of the typical U.S. corporate pension plan in May fell 2.3 percentage points to 86.9 percent, according to monthly statistics published by BNY Mellon Asset Management. This also erased nearly half of the gains achieved since the beginning of the year.
"The sudden reversal in May reflected the impact of lower Treasury yields as investor concern grew regarding the [...]
The funded status of the typical U.S. corporate pension plan in April rose 0.7 percentage points to 89.2 percent, the eighth consecutive month of improvement, according to monthly statistics published by BNY Mellon Asset Management.
The funding ratio for the typical corporate plan has improved 4.9 percentage points since the beginning of the year.
BNY Mellon attributes this su [...]
Follow the bouncing stock market.
The funded status of the typical U.S. corporate pension plan in March climbed only slightly last month, by 0.5 percentage points to 88.5 percent, according to BNY Mellon Asset Management.
Even so, it was another monthly improvement, extended the streak to seven straight. As a result, in the first three months of this year, the funding ratio for the typical corporate plan has improved by 4.2 percentage points.
March was a fairly comp [...]
The surging stock market rally not only is repairing personal balance sheets and 401(k) accounts. It is also defusing the corporate pension crisis.
The funded status of the typical US corporate pension plan in February rose 0.4 percentage points to 88 percent, according to monthly statistics published by BNY Mellon Asset Management.
This is the sixth consecutive monthly improvement, boosting the funded status for these pension plans to their best levels since [...]
The funded status of the typical US corporate pension plan stands at its best position since March 2010.
Thanks to the strong stock market performance in December, the average pension's funded status surged 3.8 percentage points in December, to 84.3 percent, according to BNY Mellon Asset Management.
The typical plan funded status surged 13.1 percentage points since the end of August alone. This marked the largest four-month positive change recorded since BN [...]
Pension plans' funding status improved again last month as stocks and interest rates continued to climb.
The typical US corporate pension plan in November saw its status inch up to 80.5 percent from 80.3 percent the prior month, according to monthly statistics published by BNY Mellon Asset Management.
Assets for the typical plan declined 0.4 percent. A slight gain of 0.6 percent in the US equity markets was offset by a drop of 4.8 percent in internat [...]
Nothing like a stock market rally to alleviate concerns about a pension funding crisis.
The funded status for the typical US corporate pension plan climbed 4.4 percentage points to 80.3 percent, the best status since May 31, 2010, according to BNY Mellon Asset Management's monthly report.
Over the past two months the typical plan has experienced a nine percentage-point improvement in funded status.
The two straight monthly improvements, not coincidentally, tracks t [...]