Archive for July 31st, 2008
5yr FYE-Set S&P500 PBO FRs
That is, pension plan funded ratios for S&P500 pension plan sponsors, determined on the basis of plans’ projected benefit obligations, split into 12 sets on the basis of the month in which a company’s fiscal year ends, for each set showing aggregate funded status as of the close of the most recent 5 fiscal years.
The general idea of looking at separate FYE sets being that, for example, pension plan funded status changes for companies with a fiscal year ending September 30 can be rather different than for companies with a fiscal year ending December 31, depending on experience during the 4th calendar quarter, including investment gains or losses, changes in interest rates, levels of company contributions to their pension plans, design changes such as plan freezes, and other factors.
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