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Funded status of US pensions rebounds to 71.6 per cent, says BNY Mellon


The funded status of the typical US corporate pension plan rebounded 1.8 percentage points to 71.6 per cent in June after steep slides in April and May, according to the BNY Mellon Pension Summary Report for June 2012.

BNY Mellon credited the June improvement to strong equity markets in the US, which rose 3.9 per cent, and in developed international markets, which increased 7.0 per cent. 

These strong performances resulted in a 2.7 per cent gain in assets at the typical US corporate pension plan, according to the report.

Liabilities for the typical corporate plan rose 0.1 per cent in June, as the Aa corporate discount rate remained unchanged at 3.98 per cent, BNY Mellon says.

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