Investment market gains probably helped the typical large defined benefit pension plan do a little better in May.
The “funded ratio” at a typical plan was 0.5 percentage points higher at the end of the month than at the beginning, according to consultants in the Stamford, Conn., office of Towers Perrin Forster & Crosby Inc.
A typical large pension plan may have ended May with about 69.7% of the assets needed to cover pension obligations, Towers Perrin estimates.