Pension Plan Funding at Five-Year High

A new report from Mercer, S&P 1500 Pension Plans Funding Improves During September to Hit Five-Year High, found that:

"Funding levels of pension plans sponsored by S&P 1500 companies improved during the month of September, with a funded ratio (assets divided by liabilities) of 91% at the end of the month, the highest level seen since October 2008. This funded ratio corresponds to a deficit of $182 billion as of September 30, 2013, according to Mercer, down significantly from the estimated deficit of $557B as of December 31, 2012."

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