Wednesday, February 13, 2013

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[IWS] Milliman: PENSION PLANS OFF TO ROARING START IN 2013: FUNDED STATUS IMPROVES $106 BILLION [7 February 2013]

IWS Documented News Service

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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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Milliman

 

PENSION PLANS OFF TO ROARING START IN 2013: FUNDED STATUS IMPROVES $106 BILLION [7 February 2013]

http://www.milliman.com/expertise/employee-benefits/products-tools/pension-funding-index/pdfs/pfi-february-2013.pdf

[full-text, 3 pages]

 

Seattle—Milliman, Inc., a premier global consulting and actuarial firm, today released the results of its latest Pension Funding Index, which consists of 100 of the nation’s largest corporate defined benefit pension plans. In January, these pensions experienced a $106 billion improvement in funded status based on an $83 billion decrease in the pension benefit obligation (PBO) and a $23 billion increase in assets. The $106 billion advancement in January completely reverses a $74 billion deficit increase over the course of 2012 and sets off these 100 plans on a strong start in 2013.\

 

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