Articles | April 15, 2020
During the first quarter of 2020 (Q1), the funded status of the model pension plan examined in each issue of Prism fell by 9 percentage points, to 76 percent.
This drop is primarily attributable to a 12 percent asset loss, heavily influenced by the recent COVID-19 outbreak.
A 1 percent decrease in liabilities, due to an increase in corporate bond yields slightly offset the impact of the asset loss.
This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.
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