Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Millman: Low Rates Reverse Pension Funding Gains

Your article was successfully shared with the contacts you provided.

The 100 biggest publicly traded U.S. companies with defined benefit pension plans ended the first quarter with about 100% of the assets they need to cover their pension liabilities.

The companies, which have about $19 billion in annual pension costs and $1.3 trillion in pension plan assets, ended 2007 with an overall funded status of 106%, up from 99% a year earlier, according to researchers at Milliman Inc., Seattle.

The gains vanished in the first quarter of the current year as a result of asset losses and a drop in interest rates, the researchers write in a commentary on the results.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.