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Corporate pension funding status rises to highest level since 2007

from Pensions & Investments

The average funding ratio for the 100 largest U.S. corporate defined benefit plans jumped to 93.5 percent in 2013 — more than 10 percentage points higher than the previous two years and the highest since 2007, according to Pensions & Investments' annual analysis of corporate SEC filings. “I would not be surprised if the funding ratio exceeded 100 percent by the end of this year,” said Andrew Wozniak, the New York-based head of fiduciary solutions, in the investment strategy and solutions group of BNY Mellon Investment Management. more

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