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After riding out a rough quarter, defined benefit (DB) plans received some good news in the form of a projected increase in the discount rate used to determine liabilities and expenses. Year-end 2007 disclosure discount rates should increase by at least 25 to 50 basis points relative to the rates in the 2006 disclosures, according to SEI Investments Co. The 25-to-50 basis point projected increase is based on SEI’s analysis of the performance of indices of AA and AAA-rated corporate bonds during the first 11 months of 2007. Under FAS 87, the discount rate must be based on such indices.

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