A breakdown of what you need to watch this month as you consider investment implications for your pension plan.
November marked the 10 year anniversary of the widest corporate bond spreads on record.
Due to a 30 bps decrease in discount rates, funded status fell 1.3% this month from 90.4% to 89.1%
This month marks the largest monthly funded status decrease since January 2016.
PG&E (ticker: PCG) filed for bankruptcy - surprisingly the issuer was within the A or better rated pension liability discount rate universe within the prior 12 months.
Political uncertainty has led to low expectations that policy initiatives would see much progress before year-end.
Explore this month’s report where we see the highest funded status level achieved since December 2012.