Pension Update: 3Q 2020
We've seen a 4.9% funded status decrease year to date, with the average funded status at 82.9%.
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We've seen a 4.9% funded status decrease year to date, with the average funded status at 82.9%.
Discount rates reached their lowest point at the end of 1Q2020 and marked the 3rd time they decreased by 60bps or more over a 3 month period, since we began monitoring this in December, 2012.
The 7.7% funded status decrease in 1Q2020 was the largest change in funded status over a three month period, since we began monitoring this in December of 2012.