{"id":222,"date":"2021-02-03T16:47:55","date_gmt":"2021-02-03T16:47:55","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/2021\/02\/03\/taking-stock-nepc-january-2021-pension-monitor\/"},"modified":"2021-02-03T16:47:55","modified_gmt":"2021-02-03T16:47:55","slug":"taking-stock-nepc-january-2021-pension-monitor","status":"publish","type":"post","link":"https:\/\/www.nepc.com\/private-wealth\/taking-stock-nepc-january-2021-pension-monitor\/","title":{"rendered":"Taking Stock: NEPC January 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><!--more-->In January, the funded status of a typical corporate pension plan rose as increasing discount rates overrode a small pullback in equity markets. Total-return plans outpaced LDI-focused plans that hedge interest-rate risk. While spreads remained largely flat for the month, the Treasury curve steepened reducing estimated liabilities. Based on NEPC&#8217;s hypothetical open- and frozen-pension plans, the funded status of the total-return plan increased by 2.3%, while the LDI-focused plan saw an increase of 0.2%.<\/p>\n<p>The funded status of the total-return plan increased 2.3%, driven by a decrease in liabilities which offset losses from equities.<\/p>\n<p>The funded status of the LDI-focused plan increased by just 0.2% due to having hedged most of its exposure to interest rates. The plan is 82% hedged, as of January 31.[\/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-January-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":223,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[12],"tags":[16,24],"class_list":["post-222","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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