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Wilshire Consulting estimates over one per cent decrease in aggregate funded ratio of US corporate pension plans in March

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The aggregate funded ratio for US corporate pension plans decreased by 1.6 percentage points to end the month of March at 86.8 per cent, yet remains up 3.6 percentage points over the trailing twelve months, according to Wilshire Consulting.

Wilshire Consulting assists in ensuring secure and safe retirements for millions of Americans including those participating in some of the nation’s largest corporate and public retirement plans.
 
The monthly change in funding resulted from the combination of a 1.1 per cent increase in liability values and a 0.8 per cent decrease in asset values.  Despite March’s decline, the aggregate funded ratio is up 2.2 and 3.6 percentage points year-to-date and over the trailing twelve months, respectively. 
 
“March was the second consecutive month that saw funded ratios driven lower by negative total asset returns,” says Ned McGuire (pictured), Managing Director and a member of the Pension Risk Solutions Group of Wilshire Consulting. “March’s 1.6 per centage point decrease in funding was the largest drop in 21 months. The retracement in funding was led by a decline in global equities and a rise in liability values that resulted from a nearly 10 basis points decrease in the bond yields used to value pension liabilities.”
 

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