Study

Corporate Pension Funding Study

Corporate Pension Funding Study

28 April 2022 - By Zorast Wadia, Alan H. Perry, Charles J. Clark

The year-end 2021 funded ratio for the Milliman 100 companies settled at 96.3%, a large improvement from 2020’s funded ratio of 88.1%.

07 April 2021 - By Zorast Wadia, Alan H. Perry, Charles J. Clark

The largest DB plans improve funded ratio to 88.4% in 2020, up from 87.5% a year earlier.

28 April 2020 - By Zorast Wadia, Alan H. Perry, Charles J. Clark

Despite a drop of 94 basis points in discount rates, the private single-employer defined benefit plans of the Milliman 100 companies continued to make funding progress in 2019 due to their stellar investment returns of 17.3%.

16 April 2019 - By Charles J. Clark, Alan H. Perry, Zorast Wadia

Despite investment losses of 2.8%-- the worst asset performance since 2008—the private single-employer defined benefit plans of the Milliman 100 companies continued to make funding improvements in 2018.

18 April 2018 - By Charles J. Clark, Alan H. Perry, Zorast Wadia

During 2017, the private single-employer defined benefit plans of the Milliman 100 companies made significant funding improvements.

06 April 2017 - By Charles J. Clark, Alan H. Perry, Zorast Wadia

The 100 largest corporate defined benefit pension plans finished 2016 with pension assets of $1.395 trillion and projected benefit obligations of $1.718 trillion.

07 April 2016 - By Charles J. Clark, John W. Ehrhardt, Alan H. Perry, Zorast Wadia

The 100 largest corporate defined benefit pension plans made little progress in 2015, a tumultuous year that buffeted pension plans with volatile markets and interest rate movement.

31 March 2015 - By John W. Ehrhardt, Alan H. Perry, Zorast Wadia

For pension plans with substantive allocation to fixed income investments, declining interest rates made 2014 a banner year.

01 April 2014 - By John W. Ehrhardt, Alan H. Perry, Zorast Wadia

For the companies comprising the Milliman Pension Funding Study (PFS), a 7.5% decrease in plan liabilities from higher discount rates and a 9.9% average return on plan assets combined to produce a historic $198.3 billion improvement in the funded status deficit from year-end 2012.

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