The average funded status of U.S. corporate pensions slumped to 72.4% at the end of 2011 from...

|By:, SA News Editor

The average funded status of U.S. corporate pensions slumped to 72.4% at the end of 2011 from 84.3% a year earlier, reports BNY Mellon. While assets increased 2.7% for the year, liabilities jumped 20%, sending funding levels down.