Corporate Pension Funding Status Hits New Post-Crisis High

The public pension crisis continues, but there is a bit of good news out of the corporate pension world. Funding status for corporate defined pension plans in the U.S. has jumped close to 95%, which is the highest percentage recorded since the global financial crisis.

Corporate tax cut helps restore pension funding

In a recent report, HSBC Credit Strategy Head Edward Marrinan and Fixed Income Strategist Shrey Singhal partially credit the Trump administration's Tax Cut and Jobs Act for the improvement in pension funding.

Under the provisions of the tax cut, U.S. companies were able to deduct contributions to their pension funds from their...