By Rob Kozlowski
Source: Pensions & Investments
U.S. corporate pension plans’ funding ratios increased in February as falling liability values offset a drop in assets, according to three new monthly reports.
Legal & General Investment Management America estimated the average funding ratio of the typical U.S. corporate pension plan was 99.9% as of Feb. 28, up from 99.8% a month earlier.
In its latest monthly Pension Solutions Monitor, LGIMA said the estimated average funding ratio rose slightly in February because the increase in discount rates, which caused liability values to fall, offset equity markets selling off during the period.