Funding Archives - Page 11 of 30 - Pension Policy International

07MarMarch 7, 2023

U.S. corporate pension funding increases in February – 3 reports

U.S. corporate pension plans' funding ratios increased in February as falling liability values offset a drop in assets, according to three new monthly reports. Legal & General Investment Management America estimated the average funding ratio of the typical U.S. corporate pension plan was 99.9% as of Feb. 28, up from 99.8% a month earlier. In its latest monthly Pension Solutions Monitor, LGIMA said the estimated average funding ratio rose slightly in February because the increase in discount rates, which caused liability...

March 7, 2023

NewsFunding, Occupational Pensions, US

15FebFebruary 15, 2023

Total U.K. pension fund surplus, funding ratio decrease slightly in January

The aggregate surplus of U.K. defined benefit funds covered by the PPF 7800 index decreased slightly in January, by 0.6% to £374.4 billion ($463.4 billion). The surplus more than doubled for the year ended Jan. 31, from £146.4 billion, according to a Tuesday update by the Pension Protection Fund, London. The PPF is the lifeboat fund for pension funds of U.K. insolvent companies. The aggregate funding ratio was 134.8% as of Jan. 31, compared with 136.5% as of Dec. 31. The...

February 15, 2023

NewsFunding, UK

08FebFebruary 8, 2023

UK. New Funding Code could affect how pension schemes are run

UK pension schemes are expecting the Defined Benefit (DB) Funding Code, currently in consultation, to affect the way they are run in the future, a recent poll by Aon has found. At a recent Aon webinar on the funding code consultation, almost 250 attendees were asked how material they thought the new funding regime would be to the way their schemes are run, with 42% of respondents indicating that they thought it would have either a moderate or a significant...

February 8, 2023

NewsFunding, Pension Management, Regulation, UK

27JanJanuary 27, 2023

South Korea pension fund will deplete faster than expected, report says

South Korea's huge national pension fund is set to see its pool of money depleted by 2055, earlier than expected, because of a shrinking population amid low economic growth, an official estimate showed on Friday. A government panel commissioned for the estimate, made every five years, said in a report that the National Pension Service (NPS) would see its fund depleted two years earlier than 2018 estimate predicted. The NPS had 915 trillion won ($743.13 billion) of funds as of the...

January 27, 2023

NewsAging, Funding, South Korea

24JanJanuary 24, 2023

U.K. pension plan sponsors might need to contribute $42 billion more – analysis

New funding rules for U.K. defined benefit plans being developed by The Pensions Regulator could potentially mean plan sponsors will need to make up to £34 billion ($42 billion) in additional contributions, according to an analysis published Monday by investment consultant Lane Clark & Peacock. The forthcoming funding rules call for pension funds to be funded on a "low dependency" basis once they are "significantly mature," without further specifics. It also calls on trustees to expect sponsors to pay down...

January 24, 2023

NewsFunding, Regulation, UK

19JanJanuary 19, 2023

These 2 states account for a third of America’s public-sector pension crisis

Step forward, California and Illinois! Your state and local pension funds are so badly funded that you two states, alone, account for about one-third of the entire U.S. pension-fund crisis. California’s public-sector pensions have a staggering accounting hole of $274 billion, according to the latest report from the Equable Institute think tank. Illinois public-sector pensions are in the hole to the sum of $210 billion — and you could argue that is even more remarkable because Illinois, the U.S.’s sixth most...

January 19, 2023

NewsFunding, US

18JanJanuary 18, 2023

U.S. State, Local Public Pensions Saw Funding Statuses Fall in 2022

The national average funded ratio for U.S. state and local public pension plans is estimated to have declined from 83.9% in 2021 to 77.3% in 2022, once all public pensions release their 2022 data, according to a recently released end-of-year report on public pensions from the Equable Institute. Equable used figures from 76.4% of the 225 retirement systems with available data that reported preliminary investment returns for their full fiscal 2022 to inform the prediction. The remaining plans with available...

January 18, 2023

NewsFunding, Public Pensions, US

13JanJanuary 13, 2023

US. The Value of Corporate Pension Assets Fell Dramatically. Here’s Why That Doesn’t Matter

Corporate pension funds had a boring year — if the only measure you look at is funded status. After all, according to WTW data published recently, funded status — the amount a pension has on hand to meet obligations — stayed flat year-over-year at 95 percent. Goldman Sachs data on corporate plans, meanwhile, estimates that funded status increased, from 98 percent in 2021 to 100 percent in 2022. But these numbers obfuscate the level of volatility that corporate plan investors faced...

January 13, 2023

NewsFunding, Occupational Pensions

04JanJanuary 4, 2023

U.S. corporate pension funding holds steady at 95% despite market volatility

U.S. corporate pension plan funding ratios remained steady in 2022 despite significant market volatility, according to a new analysis from Willis Towers Watson. The analysis, which examined pension plan data from 356 Fortune 1000 companies, estimated their aggregate funding ratio to be 95% at the end of 2022, the same as a year earlier. According to the analysis, Willis Towers Watson estimated that the pension plans finished 2022 with $1.22 trillion in assets, down 26% from $1.65 trillion a year earlier,...

January 4, 2023

NewsFunding, Occupational Pensions, US

26DecDecember 26, 2022

Equity Gains Boost U.S. Public Pension Funding Status, Says Milliman

Strong market gains during October and November helped the estimated funded levels of the 100 largest public pension plans in the U.S. rebound to 74.7%, as of Nov. 30, from 71.6% a month earlier, according to consulting firm Milliman’s public pension funding index. It was a sharp turnaround from September, when poor market performance erased more than five percentage points from the funded ratio during the month alone. The aggregate asset value of the pension funds increased by approximately $158...

December 26, 2022

NewsFunding, US

March 2023

U.S. corporate pension funding increases in February – 3 reports

February 2023

Total U.K. pension fund surplus, funding ratio decrease slightly in January

UK. New Funding Code could affect how pension schemes are run

January 2023

South Korea pension fund will deplete faster than expected, report says

U.K. pension plan sponsors might need to contribute $42 billion more – analysis

These 2 states account for a third of America’s public-sector pension crisis

U.S. State, Local Public Pensions Saw Funding Statuses Fall in 2022

US. The Value of Corporate Pension Assets Fell Dramatically. Here’s Why That Doesn’t Matter

U.S. corporate pension funding holds steady at 95% despite market volatility

December 2022

Equity Gains Boost U.S. Public Pension Funding Status, Says Milliman