Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
July 07, 2008
Mid-Year Update: Pension Plans Healthier
BNY Mellon Asset Management says that U.S. pension plans are better funded mid-year 2008 than they were at the beginning of the year, due largely to a rise in equity markets and higher bond yields. The typical U.S. pension plan gained 3.2% in its funded status, when compared to the beginning of 2008. Assets for the typical, moderate-risk pension plan increased 0.8%, and liabilities declined 2.4%, says the report.

"For the first time in 2008, the typical moderate risk pension plan experienced an improvement in funded status," said Peter Austin, executive director of BNY Mellon Pension Services. "Improving investor confidence helped the stock market, while higher oil prices and the apparent end of Fed easing drove bond yields higher. While this is good news for plan sponsors, we expect a continuation of funded status volatility over the course of 2008."

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2018 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: