Published in Business and Finance on Thursday, July 5th 2012 at 8:26 GMT by Market Wire
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Funded Status of U.S. Pensions Rebounds to 71.6 Percent, According to BNY Mellon -- BOSTON, July 5, 2012 /PRNewswire/ --

Funded Status of U.S. Pensions Rebounds to 71.6 Percent, According to BNY Mellon

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Strong Equities Markets Lead to Rise in Assets

BOSTON, July 5, 2012 /PRNewswire/ -- The funded status of the typical U.S. corporate pension plan rebounded 1.8 percentage points to 71.6 percent in June after steep slides in April and May, according to the BNY Mellon Pension Summary Report for June 2012.

BNY Mellon credited the June improvement to strong equity markets in the U.S., which rose 3.9 percent, and in developed international markets, which increased 7.0 percent. These strong performances resulted in a 2.7 percent gain in assets at the typical U.S. corporate pension plan, according to the report.

Liabilities for the typical corporate plan rose 0.1 percent in June, as the Aa corporate discount rate remained unchanged at 3.98 percent, BNY Mellon said.

Notes to Editors:

BNY Mellon Investment Management is one of the world's leading investment management organizations and one of the top U.S. wealth managers, with $1.3 trillion in assets under management. It encompasses BNY Mellon's affiliated investment management firms, wealth management services and global distribution companies. More information can be found at [ www.bnymellon.com ].

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on [ www.bnymellon.com ] or follow us on Twitter@BNYMellon.

All information source BNY Mellon Asset Management as of March 31, 2012. This press release is qualified for issuance in the US only and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management to members of the financial press and media and the information contained herein should not be construed as investment advice. Past performance is not a guide to future performance.

A BNY Mellon Company^(SM)

SOURCE BNY Mellon

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