The funded status of the 100 largest corporate defined benefit pension plans deteriorated by $83 billion during June 2010 as measured by the Milliman 100 Pension Funding Index (PFI). This follows a $55 billion decrease in funded status during May 2010. The funded status decline was the combined result of poor investment performance coupled with plan liability increases. As of June 30, 2010, the funded ratio fell to 73.7%, down from 78.6% at the end of May 2010. The level of 73.7% is the lowest funded status since May 31, 2003, and marked the biggest monthly decline since December 2008.
Read the latest Pension Funding Index »