Median US corporate scheme returns surge

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US - The median pension fund for S&P 500 companies returned 16.2% in 2009, the highest level in five years, according to data by Wilshire Consulting.

The 2009 returns mark a sharp turnaround from the -27.4% loss in 2008. The median return in 2007 was 8.2%, 11.2% in 2006, 8.5% in 2005 and 10.8% in 2004. Meanwhile, the media discount rate used to ...

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