"Funding levels of pension plans sponsored by S&P 1500 companies continued their improvement in funded status in 2013, with a further 2% improvement November, resulting in a funded ratio (assets divided by liabilities) of 93% at the end of the month, up 19% year-to-date. This funded ratio corresponds to a deficit of $138 billion as of November 30, 2013, down from $185 billion a month ago, and a significant reduction from the estimated deficit of $557 billion as of December 31, 2012 according to Mercer."
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