Pension funded status rose nearly two percentage points to over 71% in June after falling dramatically in April and May, BNY Mellon reported Thursday.
Funded status rose to 71.6% thanks to strong equity markets, according to BNY Mellon. Markets in the United States rose 3.9% and developed international markets rose 7%. These improvements led to an increase of 2.7% in typical corporate pension assets.
Liabilities rose 0.1%, while the Aa corporate discount rate remained at 3.98%.