The hits just keep on coming

December 2008
Employee Benefit News;Dec2008, Vol. 22 Issue 15, p54
The article reports on the impact of the financial market turmoil on defined benefit plans in the U.S. Since the end of 2007, the funded status of pension plans sponsored by the country's large companies has declined by almost $100 billion, according to analysis conducted by Mercer. BNY Mellon Asset Management reported that funding ratios at the typical pension plan dipped 0.3 percentage points in September, as liabilities decreased almost the same amount as the assets of a typical pension plan with a moderate risk portfolio.


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