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Corporate pension funding ticks up in last year

(Opalesque)The aggregate funding ratio for S&P 500 companies sponsoring defined benefit plans increased by 1.7 percentage points to 87.5% as of June 30, 2018, from 85.8% as of the end of fiscal year 2017. According to Wilshire Associates’ 2019 Corporate Pension Funding Report, aggregate assets decreased to $1.332 trillion as of June 30, 2018, down 6.5% from a year earlier. Contributions increased asset value by 4% for the fiscal year.

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