Aggregate DB Pension Funding Jumped 15 Percent In 2013
The largest 250 defined-benefit (DB) corporate pensions saw their aggregate funded status increase 15% in 2013, rising from 77% to 92% and recovering most of the ground that was lost during the crisis, and as long as the economy continues to grow pensions will benefit in turn.
DB pension underfunding drops to $166 billion
“The improvement in aggregate funded status of the largest 250 corporate DB pensions in 2013 represented one of its best twelve-month performances of the past ten years,” writes Citi analyst Martin Bernstein. Underfunding . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible