Due to a 30 bps decrease in discount rates, funded status fell 1.3% this month from 90.4% to 89.1%
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.
This month marks the largest monthly funded status decrease since January 2016.
Political uncertainty has led to low expectations that policy initiatives would see much progress before year-end.
WHILE MOST CORPORATIONS’ 10-K FILINGS WILL NOT BE AVAILABLE UNTIL LATE FEBRUARY, WE ANALYZED PRELIMINARY DATA ON PENSION PLANS THAT HAVE FISCAL YEAR ENDS BETWEEN JUNE 30, 2018 AND OCTOBER 31, 2018.
Explore this month’s report where we see the highest funded status level achieved since December 2012.
Funded status rose 1.9% this month due to interest rates and growth assets.
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A framework for setting and achieving pension objectives