Mercer Finds Pension Funding Level Drops 1% in June as Deficit Hits $416 Billion
Aggregate deficit is up $8 billion from the $408 billion measured at the end of 2016.
Aggregate deficit is up $8 billion from the $408 billion measured at the end of 2016.
Inaugural survey revealed high level of dissatisfaction with the pension fund.
At 83% funded, May levels on par with rest of 2017, but down from 2016.
Mercer report indicates estimated aggregate deficit in April increased by $1 billion over March’s numbers.