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An annual report found that corporate pensions largely were in strong financial shape in 2023 despite a challenging and dynamic macro environment.
Among the most notable findings of the Prudent Pensions Report, which is published annually by global investments solutions firm Russell Investments, was that 97% of corporate pensions are on track to achieve full funding without a significant draw on corporate cash within the next 10 years. That marks a sharp boost from 2022, when the figure was 86%. The report is the result of the analysis of approximately 500 pension plans in the U.S. large-cap Russell 1000 Index based on the firms' latest disclosures as well as market and interest rate movement in 2023.
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