According to the Milliman 100 Pension Funding Index, the funded status of the 100 largest U.S. corporate defined benefit pension plans improved by $16 billion in March 2011, with the funding deficit declining to $172 billion from $188 billion at the end of February 2011.
The improvement was due primarily to an increase in corporate bond interest rates. The funded ratio climbed to 87.8%, up from 86.8% at the end of February 2011. The last time the funded status was this high was prior to November 2008.
Read the latest Pension Funding Index »