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U.S. corporate pension plans saw their funded status slip in October, with the aggregate shortfall of plans operated by S&P 1500 companies growing by $26 billion, to $619 billion, HR consultancy Mercer estimates. The erosion in defined-benefit retirement plans’ funded status reflects both a 2% decline in equity markets last month and a decrease of 6 basis points in discount rates, which are used to calculate plan liabilities.

Treasury & Risk

T&R Express

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