Funded Status of U.S. Corporate Pensions Rises to 81.2 Percent, According to BNY Mellon ISSG

Tue Feb 5, 2013 9:56am EST

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Best Level since March 2012
NEW YORK,  Feb. 5, 2013  /PRNewswire/ -- The funded status of the typical U.S.
corporate pension plan soared 4.9 percentage points to 81.2 percent in January,
its highest level since  March 2012, as rising equities markets raised asset
levels and higher interest rates reduced liabilities, according to the BNY
Mellon Investment Strategy and Solutions Group (ISSG).

Assets for the typical plan in January increased 3.0 percent as equities markets
rose more than five percent in the U.S. and international developed markets,
according to the BNY Mellon Pension Summary Report for  January 2013.
Liabilities fell 3.2 percent as the Aa corporate discount rate rose 24 basis
points to 4.13 percent, the report said.

Plan liabilities are calculated using the yields of long-term investment grade
bonds.  Higher yields on these bonds result in lower liabilities.

"This is a great start for the year for corporate pension plans in the U.S., and
we've now had three months in a row of steady improvement in funded status,"
said  Jeffrey B. Saef, managing director, BNY Mellon Investment Management, and
head of the ISSG.   

Notes to Editors:

The BNY Mellon Investment Strategy and Solutions Group is a division of The Bank
of New York Mellon.  

BNY Mellon Investment Management is one of the world's leading investment
management organizations and one of the top U.S. wealth managers, with  $1.4
trillion  in assets under management. It encompasses BNY Mellon's affiliated
investment management firms, wealth management services and global distribution
companies. More information can be found at  www.bnymellon.com.  

BNY Mellon is a global investments company dedicated to helping its clients
manage and service their financial assets throughout the investment lifecycle.
Whether providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment management and
investment services in 36 countries and more than 100 markets. As of  December
31, 2012, BNY Mellon had  $26.7 trillion  in assets under custody and
administration, and  $1.4 trillion  in assets under management. Whether clients
are looking to create trade, hold, manage, service, distribute or restructure
investments, BNY Mellon can act as a single point of contact for their
investment needs. BNY Mellon is the corporate brand of The Bank of New York
Mellon Corporation (NYSE: BK).  Additional information is available on 
www.bnymellon.com, or follow us on Twitter @BNYMellon.

All information source BNY Mellon as of  December 31, 2012. This press release
is qualified for issuance in the US only and is for information purposes only.
It does not constitute an offer or solicitation of securities or investment
services or an endorsement thereof in any jurisdiction or in any circumstance in
which such offer or solicitation is unlawful or not authorized. This press
release is issued by BNY Mellon Investment Management to members of the
financial press and media and the information contained herein should not be
construed as investment advice.  Past performance is not a guide to future
performance.  A BNY Mellon Company.  

SOURCE  BNY Mellon


Mike Dunn, +1-212-922-7859, mike.g.dunn@bnymellon.com

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