Filed Under:Markets, Personal Lines

IQ: Milliman: Pensions End 2011 Badly

Pensions experienced a $59.7 billion decrease in pension funded status in December, according to Milliman’s Pension Funding Index, an indicator of the country’s 100 largest defined benefit pension plans. The bad month cemented a bad year, leaving those pensions with a $236.4 billion deficit.

While 2011 was a bad year, the year-end 72.4 percent funded ratio still could not eclipse the record of 70.5 percent set in May 2003.

The full implications of 2011 will be examined in detail in the 2012 Milliman Pension Funding Study, due in the spring.

 

Top Story

Ferguson burning: 9 scenes of property damage in the wake of the riots

A grand jury in Ferguson, Missouri on Monday declined to indict a local police officer in the August 2014 shooting death of 18-year-old Michael Brown, setting off a night of violent riots in the suburban St. Louis community. Here's the aftermath.

CE & Training

One Low Price for Complete Access to All Courses

Choose from National Underwriter's complete library of courses available in your state to get the credits you need quickly and affordably. Take advantage of the Open Pass Package for only $49. Click here to start your training today!

More Resources

Comments

eNewsletter Sign Up

Personal Lines Pro eNewsletter

Critical insights into the personal auto, homeowners, and other consumer insurance markets to help P&C professionals stay informed – FREE! Sign Up Now!

Mobile Phone
         

Advertisement. Closing in 15 seconds.