Funded Status of U.S. Pensions Rises to 87.6 Percent, According to Bny Mellon Asset Management ; Rising Equities and Interest Rates Drive Improvement

U.S. Newswire › February 04, 2011

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Summary

BOSTON, Feb. 4, 2011 /PRNewswire/ -- The continuing rally in equities and a rise in interest rates in January combined to drive the funded status of the typical U.S. corporate pension plan 3.3 percentage points higher to 87.6 percent, according to monthly statistics published by BNY Mellon Asset Management.

This is the fifth consecutive month of improvement, boosting the funded status for these pension plans to their best levels since October 2008, according to the BNY Mellon Pension Summary Report for January 2011.

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Funded Status of U.S. Pensions Rises to 87.6 Percent, According to Bny Mellon Asset Management ; Rising Equities and Interest Rates Drive Improvement

In January, assets for the typical corporate pension plan increased 1.4 percent, due to a 2.2 percent gain in U.S. equities and a 2.4 rise in international stocks, ac...

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