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U.S. corporate pension deficits fell by $58 billion in August

U.S. corporate pension deficits decreased by $58 billion in August, according to new data by Mercer.

By Paula Aven Gladych | Updated on September 05, 2012

U.S. corporate pension deficits decreased $58 billion in August to $631 billion, according to new figures from Mercer. The deficit corresponds to an aggregate funded ratio of 72 percent as of Aug. 31, compared to a record low funded ratio of 70 percent as of July 31.

Even with the small rebound, the deficit in pension plans for S&P 1500 companies was still above 2011 levels, according to the Mercer report. U.S. equity markets rising over 2 percent during August and discount rates rising between 12 and 14 basis points helped spur the rebound. Rates had been at a record low at the end of July.

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