Finally, a win-win year for the corporate pension plans of the Milliman 100 Pension Funding Index (PFI) as liabilities decreased by $190 billion and assets increased by $128 billion in 2013. This is the first time since our year-end 2007 report that liabilities decreased and assets increased in the same year. Interest rates rose in 2013 after four consecutive years of declines from 2009 to 2012. Investment returns for the Milliman 100 plans exceeded expectations in 2013, as they have done in four out of the last five years.
PFI co-author Zorast Wadia discusses the index’s latest results on this Google+ Hangout.