July 05, 2012
--- The funded status of the typical U.S. corporate
pension plan rebounded 1.8 percentage points to 71.6% in June, according to the
BNY Mellon Pension Summary Report. ---
BNY Mellon credited the June
improvement to strong equity markets in the U.S., which rose 3.9%, and in
developed international markets, which increased 7%. These strong performances
resulted in a 2.7% gain in assets at the typical U.S. corporate pension plan,
according to the report.
Liabilities for the typical
corporate plan rose 0.1% in June, as the Aa corporate discount rate remained
unchanged at 3.98%, BNY Mellon said.