Study author Zorast Wadia and cash balance expert William Strange review the results of the 2025 Corporate Pension Funding Study.

Topics include:

• The first fiscal-year-end surplus for the Milliman 100 companies since 2007
• The impact discount rate increases had on projected benefit obligations
• The effect investment performance of equities and fixed-income investments had on funding volatility
• Future de-risking strategies, and the potential for balance sheet savings by incorporating new defined benefit plan designs