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Pension Plans’ Funded Status Stronger, Study Says

Pension plans were better funded by the end of the second quarter of 2015, according to a recent report. Aon Hewitt says that U.S. pension plans’ collective financial shortfall dropped by $81 billion by June 30.

The report says that aggregate funded status by June 30 was 83.4%, nearly three percentage points higher than by the end of the first quarter of 2015. Like earlier reports about pension plans’ performance during the second quarter, Aon Hewitt says that the improvement was largely due to a drop in liabilities, which was large enough to offset a drop in assets and a small drop in returns.

Aon Hewitt based its assessment on its evaluation of daily funded status of defined benefit plans of S&P 500 companies.