Pension Funding Index, December 2013

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By John W. Ehrhardt, Zorast Wadia | 09 December 2013
The funded status of the 100 largest corporate defined benefit pension plans improved by $34 billion during November as measured by the Milliman 100 Pension Funding Index (PFI). The deficit declined to $93 billion from $126 billion at the end of October, due to a rise in the benchmark corporate bond interest rates used to value pension liabilities. Asset returns exceeded expectations and contributed to the funding improvement during November as well.