The $20 billion club – which consists of 19 U.S. publicly-listed corporations with the largest pension liabilities – tells us a great deal about what’s happening at corporate pension plans in general. At the start of financial year 2016, the combined pension deficit of these corporations was $177bn, with assets totaling $704bn and liabilities of $881bn. 2016 saw both assets and liabilities increase slightly and the combined deficit rose by $12bn, ending the year at $189bn.
Discount rates fall and shortfalls increase for the $20 billion club in 2016
How did 2016 fare for the $20 billion club? The group of 19 publicly listed U.S. corporations with pension liabilities in excess of $20 billion offer a window into the trends affecting the wider corporate pension community.