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PENSION CRISIS: Corporate pension plans improving

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The estimated aggregate funded ratio among S&P 1500 companies' pension plans was 72 percent, with an aggregate deficit of $631 billion, as of Aug. 31, according to New York City-based Mercer, a financial services consulting firm.

August was an improvement from July, when the deficit was $689 billion — the funded ratio at a record low of 70 percent.

The combination of U.S. equity markets rising more than 2 percent in August and discount rates rising between 12 and 14 basis points helped spur the rebound, according to the Mercer report.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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