The funded status of U.S. corporate pensions climbed in November to 89.9 percent, with public plans, foundations and endowments also all beating targets thanks to increases in asset values.
That's according to the BNY Mellon Investment Strategy and Solutions Group, which said that the typical U.S. corporate pension plan saw an increase of 0.4 percent during the month as assets increased faster than liabilities.
The BNY Mellon Institutional Scorecard said that typically, corporate plans saw an increase of 1.5 percent in November, compared with an increase in liabilities of 1.1 percent. Even with that increase, the typical corporate plan has fallen 5.3 percent from the high in December of 2013 of 95.2 percent.
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