Close Close
ThinkAdvisor

Portfolio > Asset Managers

U.S. pension plan funding status slips slightly in september

X
Your article was successfully shared with the contacts you provided.

Funding ratios at the typical U.S. pension plan dipped 0.3 percentage points in September as liabilities decreased almost the same amount as the assets of a typical U.S. pension plan with a moderate risk portfolio, according to BNY Mellon Asset Management. For the year to date, funding ratios for typical plans have declined approximately 4.3 percent.

A 75-basis-point widening in high-grade corporate yield spreads helped to drive typical pension liabilities 6.4 percentage points lower, while the value of the assets in a moderate-risk portfolio decreased 6.7 percentage points in September.