NISA Pension Surplus Risk index at 6.4% in August, up from July
The NISA Pension Surplus Risk index rose to 6.4% in August from 5.8% in July. The increase was driven by a rise in both interest rate volatility and return-seeking asset volatility. The average funded status decreased by 2 percentage points to 87.6% from 89.6%.
NISA Investment Advisors' index represents an expected rise or fall in assets given a one-standard deviation change in returns in a given year. The index constituents consist of the 100 largest publicly traded corporate pension plans as measured by pension benefit obligation. As of Dec. 31, the total plan liabilities of the constituent base were $1.3 trillion, with $1.2 trillion in total plan assets.