Planners concerned with the health of their clients’ pensions should take note that U.S. corporate pension plans managed a modest funding recovery in September, despite remaining in overall deficit status.
“While it is good to see some improvement over the past few months, the funded status of most U.S. pension plans has declined over the past year,” Jonathan Barry, a partner with the Retirement Risk and Finance business of Mercer, a global human resource consulting firm, said in a statement. Mercer has released new figures showing the slight improvement against a backdrop of ongoing deficit troubles.
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