{"id":205,"date":"2021-03-02T21:21:39","date_gmt":"2021-03-02T21:21:39","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/2021\/03\/02\/taking-stock-nepc-february-2021-pension-monitor\/"},"modified":"2021-03-02T21:21:39","modified_gmt":"2021-03-02T21:21:39","slug":"taking-stock-nepc-february-2021-pension-monitor","status":"publish","type":"post","link":"https:\/\/www.nepc.com\/private-wealth\/taking-stock-nepc-february-2021-pension-monitor\/","title":{"rendered":"Taking Stock: NEPC February 2021 Pension Monitor"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text]NEPC\u2019s monthly pension funded status monitor tracks the funded status of two hypothetical plans to gauge the impact of movements in markets, interest rates, and credit spreads on pension plans.<\/p>\n<p>Driven by an increase in Treasury rates and strong equity returns, the funded status of typical corporate pension plans improved in February. Total-return plans outpaced LDI-focused plans that hedge more interest-rate risk, as losses from fixed-income assets eroded gains from equities. While credit spreads remained mostly flat for the month, the Treasury curve increased and steepened, reducing plan liabilities. Based on NEPC&#8217;s hypothetical open- and frozen-pension plans, the funded status of the total-return plan rose 5.2%, while the LDI-focused plan increased 1.9%.<\/p>\n<p>The funded status of the total-return plan increased 5.2%, driven by a decrease in liabilities and gains from risk assets.<\/p>\n<p>The funded status of the LDI-focused plan increased 1.9% as shrinking liability values were offset by losses from fixed-income mandates. The plan is 84% hedged, as of February 28.[\/vc_column_text][vc_button button_color=&#8221;color-873282&#8243; border_width=&#8221;0&#8243; el_class=&#8221;post-download-btn&#8221; link=&#8221;url:%2Finstitutional%2Fwp-content%2Fuploads%2Fsites%2F4%2F2021%2F04%2F2021-February-Pension-Monitor.pdf|target:_blank&#8221;]Download NEPC&#8217;s Pension Funded Status Monitor[\/vc_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]NEPC\u2019s monthly pension funded status monitor tracks the funded status of two hypothetical plans to gauge the impact of movements [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[12],"tags":[16,24],"class_list":["post-205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-corporate-defined-benefit","tag-taking-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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