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For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
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  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Milliman analysis: Corporate pension funded ratio drops to 104.1% in March as market losses outpace rise in discount rates

Milliman 100 PFI plans lose $8 billion in funded status during first quarter of 2025

Milliman, Inc., a premier global consulting and actuarial firm, today released its monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans.

Poor investment returns in March of -1.38% caused the PFI plan asset value to fall $25 billion for the month, to $1.301 trillion, and the funded status surplus to decline by $7 billion, to $51 billion as of March 31. This result was only partially offset by a 13-basis-point rise in discount rates during the month, to 5.49%, which reduced plan liabilities by $18 billion, to $1.250 trillion at month’s end. Still, the PFI funded ratio dropped from 104.6% at the end of February to 104.1% at the end of March. During the first quarter, discount rates fell 10 basis points and the Milliman 100 plans lost $8 billion in funded status.

“While the slight rise in discount rates in March led to a monthly decline in plan liabilities, plan assets fell even further due to poor market performance, which caused the funded status to fall below the 104.8% level seen at the beginning of 2025,” said Zorast Wadia, author of the PFI. “With fresh inflation fears and possible Fed rate cuts looming, plan sponsors will want to consider asset-liability matching strategies to preserve their balance sheet gains from last year.”

Looking forward, under an optimistic forecast with rising interest rates (reaching 5.94% by the end of 2025 and 6.54% by the end of 2026) and asset gains (10.4% annual returns), the funded ratio would climb to 113% by the end of 2025 and 126% by the end of 2026. Under a pessimistic forecast (5.04% discount rate at the end of 2025 and 4.44% by the end of 2026 and 2.4% annual returns), the funded ratio would decline to 97% by the end of 2025 and 88% by the end of 2026.

Read this month’s complete Pension Funding Index or Milliman’s full range of annual Pension Funding Studies. To receive regular updates of Milliman’s pension funding analysis, contact us at pensionfunding@milliman.com.

About Milliman

Milliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges—from extreme weather and market volatility to financial insecurity and rising health costs—so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com.

Discount rates rose 13 basis points in March, but investment returns of -1.38% eroded $7 billion in funded status surplus for the month.

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