Archived Insight | October 23, 2019
Pension Plan Funded Status Dives as Interest Rates Plummet in Q3 2019
During the third quarter of 2019 (Q3), the funded status of the model pension plan examined in each issue of Prism fell by 5 percentage points, to 81 percent. This is a result of a 1 percent asset gain offset by a 7 percent increase in liabilities. The sharp rise in liabilities is attributable to a decrease in high quality corporate yields.
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