Pension plans for the largest U.S. companies are at their healthiest in more than a decade — and that's largely good news for the workers who participate in such plans, said retirement experts.
Public companies in the S&P 500 stock index had an average pension "funded ratio" of 102% as of Sept. 21, according to data tracked by financial services firm Aon.
That's the highest level since at least the end of 2011, when the ratio was around 78%.
A funded ratio is one way to gauge pension health.
Each plan is unique, meaning funded status alone isn't the only gauge for pension health, it said.
Persons:
Roth, Byron Beebe
Organizations:
U.S, Public, Finance, Social, Roth IRA, American Academy of Actuaries
Locations:
U.S