The funded status of the 100 largest corporate defined benefit pension plans decreased by $8 billion in November 2011 as measured by the Milliman 100 Pension Funding Index (PFI) primarily due to investment losses.
The funded ratio dropped to 75.0% from 75.5% and the funded status deficit increased to $404 billion from $396 billion.
With less than three weeks of financial market activity remaining in the fiscal year, plan sponsors and CFOs are likely to scrutinize daily changes in discount rates and investment performance as the volatile fiscal year of 2011 winds down.