Following a June swoon dive, U.S. pension plan funded statuses proved to replete some of their diminished assets thanks to a rising equity market, which returned nearly 7% last month, a new study claims.
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% to 75%, Mercer said in an announcement today.
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