Mercer: Pension plan deficits down nearly $20BNews added by ProWEB Media on August 11, 2010
Gary Linnell

ProWEB Media

Joined: December 27, 2005

At the end of July, deficits for pension plans sponsored by S&P 1500 companies decreased by nearly $20 billion to $431 billion.

Alternately, funded status for the group bumped by 2 percent to 75 percent, Mercer said in an announcement today.

While the year has seen a slight uptick for the plans, the Marsh & McLennan subsidiary said that the numbers from 2010 do not even come close to those of 2009, where the year-end deficit was $247 billion with a funded status of 84 percent.
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