The funding ratio at the typical U.S. pension plan fell 0.3 percentage points last month, and liabilities decreased almost the same amount as the assets of a typical U.S. pension plan with a moderate risk portfolio, according to BNY Mellon Asset Management.

So far this year funding ratios for typical plans have declined about 4.3 percentage points, according to a monthly survey the Bank of New York Mellon Corp. unit released Tuesday.

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