December was not a good month, neither for U.S. corporate nor public pension plans, foundations nor endowments.
According to the BNY Mellon Investment Strategy and Solutions Group, all finished the year on a down note, with falling assets and rising liabilities.
While ISSG didn't find corporate plans' funded status quite as bad as Towers Watson determined in its own analysis (the Towers Watson analysis calculated that corporate plans in aggregate were funded at only 80 percent), the news isn't cheery by any means.
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