The funded status of the 100 largest corporate defined benefit pension plans improved by $106 billion in January.
This was the second-largest monthly funded status improvement since Milliman began its 100 Pension Funding Index 12 years ago.
According to Milliman, the $74 billion funded status decline in 2012 was wiped out and bettered by $32 billion and the deficit was reduced to $305 billion from $411 billion at the end of December 2012. The reduction was caused to a rise in the benchmark corporate bond interest rates used to value pension liabilities.
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