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.
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