By Rob Kozlowski
Source: Pensions & Investments

The estimated aggregate funding ratio of multiemployer defined benefit plans in the U.S. reached 92% as of June 30, up from 88% at the end of 2020, according to a study from Milliman.

The first six months of the year continued a strong market recovery that had already brought funding levels to their highest ratio since Dec. 31, 2007, when the level was 85%.

The estimated investment return for Milliman’s simplified portfolio was 6.9% for the six months ended June 30.

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