The pension funded status of the nation's largest corporate sponsors increased by 16 percentage points to reach their highest levels since 2007, according to Towers Watson.
The company analyzed pension plan data for the 418 Fortune 1000 companies that sponsor U.S. tax-qualified defined benefit pension plans and have a December fiscal-year-end date. The aggregate pension funded status is estimated to be 93 percent at the end of 2013, a sharp jump from 77 percent at the end of 2012. That figure is still well below the 106 percent funded status logged at the end of 2007.
Overall, pension plan funding improved by $285 billion last year, leaving a deficit of $99 billion at the end of 2013.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
