You’d think the soaring stock market last year would have put pensions on stronger ground. You’d be wrong.
Pension plans ended 2014 only 82.5% funded, down from their 89.7% funding level in 2013, according to a report issued by Wilshire Consulting last week. That means defined benefit plans only hold 82.5 cents in assets for every dollar in liabilities they face in to satisfy pensioners’ claims.
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