Pension Funded Status Deficit Increases By $15 Billion In April
Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index (PFI), which consists of 100 of the nation's largest defined benefit pension plans. In April, these plans experienced a $21 billion increase in pension liabilities and a $6 billion increase in asset value, resulting in a $15 billion increase in the pension funded status deficit. "We keep slipping further and further away from full funding," said John Ehrhardt, co-author of the Milliman 100 Pension Funding Index. "The [...]