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2008 PBO FR 79% for S&P 500

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frpbosp5001999-20081For the S&P 500 as of 12/31/2008, the aggregate funded ratio of global defined benefit pension plans as of the end of fiscal years ending during 2008 was 79.0%, down drastically from 104.0% as of the close of the 2007 fiscal years, as measured on the basis of the ratio of market value of pension plan assets to projected benefit obligations.

We have yet to see whether 2009 will make this recent decline as severe as the 2001-2002 decline, although January and February certainly did nothing to stop the bleeding.

More details on funded status and other observations gleaned from corporate financial reports forthcoming soon.

(Remember, as I’ve previously disclaimed, posts such as this represent efforts of my favorite pastime. My formal work does not involve any of this, and none of it represents any position or comment that should in any way be attributed to my employer. Likewise, as always, it represents general personal impressions and should not be treated or used as formal professional advice.)

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Written by macheide

16 March 2009 at 5:31 pm

Posted in άctuary

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