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Mercer: Large Pension Funded Status Rises

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Defined benefit pension plans at 500 large, publicly traded U.S. companies ended 2007 with a median funded status of 94%, up from 89% a year earlier.

Mercer, an arm of Marsh and McLennan Companies Inc., New York, has published those figures in an analysis of the 377 S&P 500 companies that publish information about defined benefit pension plan liabilities in the Form 10-K annual reports.

The plans reported having $1.56 trillion in assets and $1.5 trillion in pension liabilities at the end of 2007.