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.